Chemtura Corp. (NYSE:CHMT) was downgraded by Zacks from an “outperform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Stock Ratings News reports. They currently have a $23.20 price target on the stock. Zacks‘ price objective suggests a potential downside of 7.86% from the stock’s previous close.
Chemtura Corp. (NYSE:CHMT) traded up 1.08% on Tuesday, hitting $25.35. 203,646 shares of the company’s stock traded hands. Chemtura Corp. has a 1-year low of $19.05 and a 1-year high of $28.17. The stock has a 50-day moving average of $25.88 and a 200-day moving average of $24.46. The company’s market cap is $2.445 billion.
A number of other firms have also recently commented on CHMT. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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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