Kraton Performance downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Kraton to Neutral based on a weaker outlook following the announcement that the pending LCY acquisition earnings will be lower than expected. Price target lowered to $23 from $28. Note that Oppenheimer upgraded shares this morning.
Kraton Performance names Chris Russell Chief Accounting Officer Effective June 18, Chris H. Russell was appointed Chief Accounting Officer of Kraton Performance Polymers, in which position he will serve as the Company’s principal accounting officer. Prior to joining Kraton, from 2014 to 2015, Mr. Russell served as Chief Accounting Officer for Prince International Corporation, a leading manufacturer and distributor of mineral based products.