JPMorgan Downgrades Orion Engineered Carbons S.A. (OEC) to Neutral

JPMorgan downgraded Orion Engineered Carbons S.A. (NYSE: OEC) from Overweight to Neutral with a price target of $23.00 (from $25.00).

Analyst Jeff Zekauskas cites the recent appreciation in the stock price as the primary driver for the downgrade. The analyst sees pressure building on EBITDA growth over the next few quarters due to FX impacts.

For an analyst ratings summary and ratings history on Orion Engineered Carbons S.A. click here. For more ratings news on Orion Engineered Carbons S.A. click here.

Shares of Orion Engineered Carbons S.A. closed at $21.35 Friday.

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