Axiall upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded Axiall to Buy from Neutral. The firm upgraded shares citing improving PVC market fundamentals and valuation. Price target raised to $52 from $50.
Axiall price target lowered to $25 from $44 at SunTrust SunTrust cut its price target on Axiall based on several factors, including weakening caustic soda prices, lack of PVC margin expansion due to price discounting, and inventory losses in Aromatics, which the company divested yesterday. The firm lowered its Q3 EBITDA estimate by $16M to $95M but keeps a Buy rating.