Ferro downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Ferro (FOE) as it is unsure whether A. Schulman (SCHLM) will make a higher offer for Ferro, or if Ferro would accept such an offer. The firm also believes that Ferro's price would be at risk if the bid is rescinded, in light of the stock's current valuation. Target $6.50.
Ferro upgraded at KeyBanc As previously reported, KeyBanc upgraded Ferro to Buy from Hold. The firm upgraded shares based on sustainable execution and earnings growth and raised estimate to reflect the acquisition of Vetriceramici and cost savings. Price target is $20.