Zacks Investment Research cut shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
Several other equities research analysts have also commented on AKZOY. Sanford C. Bernstein initiated coverage on shares of Akzo Nobel in a report on Monday, September 24th. They issued an outperform rating for the company. Barclays raised shares of Akzo Nobel from an equal weight rating to an overweight rating in a report on Friday, October 26th. Macquarie initiated coverage on shares of Akzo Nobel in a report on Thursday, November 29th. They issued an outperform rating for the company. Finally, Jefferies Financial Group raised shares of Akzo Nobel from a hold rating to a buy rating in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $32.00.
About Akzo Nobel
Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.
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