Grace Announces Quarterly Dividend

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Jefferies Cuts Price Target on W.R. Grace & Co. (GRA); Reiterates Buy

October 27, 2016 10:02 AM EDT

Jefferies maintained a Buy rating on W.R. Grace & Co. (NYSE: GRA), and cut the price target to $80.00 (from $89.00), following the company's 3Q earnings report. Adjusted EPS of $0.80 was $0.04 above consensus. Elevated refinery inventory and weak specialist catalyst demand in China are likely... More