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AMCOL International Corporation Message Board

  • steve_382 steve_382 Sep 29, 2009 6:22 PM Flag

    Wedbush maintains its underperform on ACO

    For what it's worth.

    September 29, 2009 10:27 AM EDT

    Wedbush Morgan maintains an Underperform rating on AMCOL International (NYSE: ACO), raises price target by $1 to $18.

    Wedbush analyst says, "Expectations for improved automotive production exiting 2009 helping sentiment...Debt/TTM EBITDA covenant concerns could be easing...Oilfield Services remains soft but not materially different from our expectations...Adjusting our revenue/EPS estimates to $708.2 million/$0.81 from $715.6 million/$0.81 in 2009, to $724.4 million/$1.10 from $732.9 million/$1.07 in 2010 and to $750.3 million/$1.24 from $759.2 million/$1.18 in 2011."

    To see more analyst ratings on ACO Click Here.

    Amcol International Corporation, through its subsidiaries, operates as a specialty minerals company in the Americas, Europe, and the Asia Pacific

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