Ned Davis Research Upgrades Chemtura Corp. to Neutral (CHMT)

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Ned Davis Research upgraded shares of Chemtura Corp. (NYSE:CHMT) from a sell rating to a neutral rating in a research report released on Tuesday morning, Analyst Ratings Network.com reports.

Chemtura Corp. (NYSE:CHMT) traded down 0.44% during mid-day trading on Tuesday, hitting $24.79. 77,741 shares of the company’s stock traded hands. Chemtura Corp. has a one year low of $19.05 and a one year high of $28.17. The stock’s 50-day moving average is $25.6 and its 200-day moving average is $24.55. The company’s market cap is $2.391 billion.

A number of other analysts have also recently weighed in on CHMT. Analysts at Zacks downgraded shares of Chemtura Corp. from an outperform rating to an underperform rating in a research note on Tuesday, February 11th. They now have a $23.20 price target on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Chemtura Corp. 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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