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NEW YORK (TheStreet) -- W.R. Grace & Co. (GRA) stock coverage was assumed with an "outperform" rating at Credit Suisse on Thursday. The firm also increased its price target to $79 from $75.

The Columbia, MD-based company is engaged in the production and sale of specialty chemicals and materials.

The price target and rating are based on the firm's "positive outlook on the global catalysts market, a slightly better FX backdrop, and the potential for GRA to follow Albemarle Corp.'s (ALB) lead on pricing (which we have left as optionality)," Credit Suisse said in an analyst note.

Additionally, the company could be an acquisition target itself due to its industry leading position, the firm said.

Shares of Grace closed higher by 0.81% to $70.60 on Thursday.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

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The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share.

As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and generally higher debt management risk.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: GRA

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