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Akzo Nobel N.V. (ADR) (AKZOY) [hlAlert]

Rating:
Underweight
AKZOY
down 14.25 %

Akzo Nobel N.V. (ADR) (AKZOY) downgraded to Underweight by HSBC Securities

Posted on: Wednesday,  Dec 5, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Akzo Nobel N.V. (ADR) (OTCBB: AKZOY) on 12/05/2012, when the stock price was $19.25. Since then, Akzo Nobel
N.V. (ADR) has gained 16.62% of its value until HSBC Securities rated AKZOY Neutral on 01/14/2013, when the price was $22.45.
If you would have followed this HSBC Securities's recommendation on AKZOY, you would have lost 14.25% of your investment in 40 days.

Akzo Nobel N.V. (AkzoNobel) is a global paints and coatings company and a producer of specialty chemicals. The Company operates in three segments: Decorative Paints, Performance Coatings and Specialty Chemicals. During the year ended December 31, 2009, the Company two distributors in Continental Europe. During 2009, it also acquired SABA, Kronospan and Dow Powder Coatings assets. During 2009, it also divested Chemcraft Brazil and the non-stick businesses. In January 2009, the Company completed the acquisition of LII Europe.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2013 8:25 AM Sell
None
20.45
as of 12/31/2012
1 Week down  -3.92 %
1 Month down  -16.88 %
3 Months down  -16.88 %
1 YTD down  -16.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2013 8:25 AM Hold
None
22.45
12/5/2012 8:25 AM Sell
None
19.25
9/28/2012 8:25 AM Hold
None
18.82
7/12/2012 8:25 AM Hold
None
16.18

(*) Stock Price at the time of the recommendation.
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