Kraton Performance price target lowered to $30 from $35 at Oppenheimer

theflyonthewall.com

After meeting with Kraton's management, Oppenheimer reduced its target on the stock as the firm believes that the recovery in the chemicals sector "could be rather muted", while Kraton's costs will be higher than expected. Nevertheless the firm thinks the company will have several positive catalysts in 2013 and it maintains an Outperform rating on the shares.

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