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Piper Jaffray Downgrades Chemspec (CPC) to Neutral, Cuts Target to $8.10

April 11, 2011 12:31 PM EDT
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Price: $8.00 --0%

Rating Summary:
    0 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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An analyst at Piper Jaffray downgraded shares of Chemspec International (NYSE: CPC) Monday following the company's Q4 results and guidance earlier.

The firm cut its investment rating on Chemspec shares from Overweight to Neutral, and also reduced the price target from $11 to $8.10.

Shares of Chemspec are down 2 percent to $7.35 Monday.

For more ratings news on Chemspec International click here and for the rating history of Chemspec International click here.


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