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Enter Symbol:
 
Chemtura Corporation (CHMT) [hlAlert]

Rating:
Underperform
CHMT
down 21.98 %

Chemtura Corporation (CHMT) downgraded to Underperform by Oppenheimer

Posted on: Friday,  Jun 7, 2013  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Chemtura Corporation (NYSE: CHMT) on 06/07/2013. Previously Oppenheimer rated Perform
Chemtura Corporation (NYSE: CHMT) on 02/26/2013., when the stock price was $20.13. Since then, Chemtura Corporation has gained 4.92% as of 06/07/2013's recent price of $21.12.

Chemtura Corporation (Chemtura) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals. The Company has four segments: Consumer Products, Industrial Performance Products, Chemtura AgroSolutions and Industrial Engineered Products. Its products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. Its agrochemical products are sold through dealers and distributors to growers and others. Its pool, spa and household chemical products are sold through local dealers, large retailers, independent retailers and mass merchants to consumers for in-home and outdoor use. On 10, November 2010, the Company completed its financial restructuring under Chapter 11 of the United States Bankruptcy Code. On July 30, 2010, the Company sold its natural sodium sulfonates and oxidized petrolatum product lines within its petroleum additives business to Sonneborn Inc.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/7/2013 8:25 AM Sell
None
21.12
as of 12/13/2013
1 Week up  0.89 %
1 Month down  -9.52 %
3 Months down  -9.75 %
1 YTD down  -25.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2013 8:25 AM None
None
20.13
10/24/2011 8:25 AM None
None
11.31

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