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AMCOL International Corporation Message Board

  • steve_382 steve_382 Aug 22, 2009 3:58 PM Flag

    ACO raised to buy from Davenport

    Found this news. I think we mentioned the uptick in auto sales providing a boost to Amcol earlier.

    Reuters Messaging:
    1256 ET 21Aug2009-Amcol shares rise after upgrade to "buy"
    ------------------------------------------------------------------------------ Davenport & Co raised Amcol International Corp (ACO.N) to "buy" from
    "neutral," citing the recent uptick in domestic auto production and potential
    income from the recently acquired chrome sands operation. The company's core mineral segment, of which metal casting is a primary
    component, is expected to benefit from the increased production at U.S.
    automakers after a surge in sales ignited by the "Cash for Clunkers" program. For details, see [ID:nBNG546758] Shares of Amcol rose 5.6 percent to $21.27.

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