Merrill Lynch Downgrades OCI Partners LP to Neutral (OCIP)
OCI Partners LP (NASDAQ:OCIP) was downgraded by research analysts at Merrill Lynch to a “neutral” rating in a report released on Thursday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of OCI Partners LP from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of OCI Partners LP in a research note to investors on Wednesday, November 20th. They now have a $24.00 price target on the stock, up previously from $23.75. Finally, analysts at UBS AG initiated coverage on shares of OCI Partners LP in a research note to investors on Tuesday, October 29th. They set an “overweight” rating and a $32.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.75.
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont.
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