W.R. Grace called "top idea" at Goldman, target price raised


W.R. Grace (GRA -1.2%) is maintained as a Conviction Buy at Goldman Sachs after a mixed Q3 earnings report; the firm also raises its price target on GRA to $105 from $98 and calls the stock its "top idea" in the chemicals segment heading into the year's end.

GRA's Q3 report alleviated many investor concerns about another shoe to drop in refining catalysts as EBIT slightly exceeded expectations and management guided for sequential improvement, the firm writes.

While investor focus in recent quarters has mostly been on refining catalysts, the firm thinks the strong GRA's outperformance in all other divisions should not be overlooked.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs