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Chemtura (CHMT -10.5%) shares plunge after the maker of specialty chemicals is downgraded at...
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Tuesday, February 26, 12:31 PM ETChemtura (CHMT -10.5%) shares plunge after the maker of specialty chemicals is downgraded at Oppenheimer, which says Q4 results showed CHMT may be approaching the limits to further margin improvement without a healthier economy. Also, legacy overhead costs from its antioxidants sale will hamper margins, and 2013 capex needs are higher than expected.
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