KeyBanc Upgrades PolyOne (POL) to Buy, Sets $17 Price Target

Analysts at KeyBanc upgraded shares of PolyOne (NYSE: POL) from Hold to Buy in a mid-day research note Friday. The firm set a new $17 price target.

The firm cites:

• attractive cyclical upside potential longer term, particularly as construction demand stabilizes and recovers;
  
• strong EBITDA growth in 2012E vs. 2011E with a good portion coming from its acquisition of ColorMatrix; and
  
• margin improvement despite volume pressures from production rationalization and productivity initiatives."

With PolyOne shares now up 2.7 percent to $13.08, KeyBanc's new price target implies potential upside of about
30 percent.

For an analyst ratings summary and ratings history on PolyOne click here. For more ratings news on PolyOne click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Morgan Stanley Upgrades Telecom Argentina (TEO) to Overweight
• Axis Capital Limited Upgrades Tata Technologies (TATATECH:IN) to Buy (1)
• BMO Capital Upgrades CES Energy Solutions Corp. (CEU:CN) (CESDF) to Outperform