Barclays upgrades Arkema stock rating to 'Hold'
1 report, 1 independent
Updated Tue 00:00
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What happened
Barclays raised its stock rating for Arkema from a “strong sell” to a “hold” in a research report on August 12th. Separately, Arkema reported $1.40 EPS for the quarter on November 5th, which missed analysts’ consensus estimates. Short interest in Arkema declined by 97.3% between October 15th and October 30th.
From dailypolitical.com
Why it matters
The rating adjustment by Barclays reflects a change in market perception of Arkema. Arkema, a basic materials company, integrates its operations into the North American supply chain and is compared financially to RPM International.
From dailypolitical.com
Who's involved
- BarclaysBritish bank that changed Arkema's stock rating
- ArkemaFrench Chemical company whose stock rating was adjusted
- MarketBeatAmerican personal finance blog that provides the consensus rating
- RPM InternationalMultinational holding company used for financial comparison
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The entities involved
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