Coverage of PolyOne (POL +7.7%) is assumed with a Buy rating and $24 price target at Jefferies,...

|About: PolyOne Corporation (POL)|By:, SA News Editor

Coverage of PolyOne (POL +7.7%) is assumed with a Buy rating and $24 price target at Jefferies, prompted by the recent acquisition of advanced composite materials producer Glasform to strengthen its specialty portfolio in key niche specialty end markets. The firm expects the deal to be modestly accretive and to generate a ROIC of more than 9%.