Chemtura Corp. Downgraded by Zacks to “Underperform” (CHMT)
Chemtura Corp. (NYSE:CHMT) was downgraded by Zacks from an “outperform” rating to an “underperform” rating in a research note issued to investors on Tuesday, AR Network reports. They currently have a $23.20 target price on the stock. Zacks‘ target price suggests a potential downside of 5.07% from the stock’s previous close.
Shares of Chemtura Corp. (NYSE:CHMT) traded up 1.96% during mid-day trading on Tuesday, hitting $24.92. 396,217 shares of the company’s stock traded hands. Chemtura Corp. has a 52 week low of $19.05 and a 52 week high of $28.17. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $24.44. The company’s market cap is $2.404 billion.
CHMT has been the subject of a number of other recent research reports. Analysts at SunTrust initiated coverage on shares of Chemtura Corp. in a research note on Wednesday, December 18th. They set a “buy” rating and a $33.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Chemtura Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, December 12th. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Chemtura Corp. in a research note on Tuesday, November 26th. They set a “buy” rating and a $30.00 price target on the stock. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Chemtura Corp. has a consensus rating of “Hold” and a consensus price target of $28.55.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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