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

down 9.31 %

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

Posted on: Wednesday,  Aug 28, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Akzo Nobel N.V. (ADR) (OTCBB: AKZOY) on 08/28/2013, when the stock price was $20.45.
Since then, Akzo Nobel N.V. (ADR) has gained 10.27% as of 08/27/2015's recent price of $22.55.
If you would have followed this HSBC Securities's recommendation on AKZOY, you would have lost 9.31% of your investment in 729 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
as of 12/13/2013
1 Week down  -0.12 %
1 Month up  2.39 %
3 Months down  -11.59 %
1 YTD down  -19.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2013 8:25 AM Hold
12/5/2012 8:25 AM Sell
9/28/2012 8:25 AM Hold
7/12/2012 8:25 AM Hold

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