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Synalloy Corporation (SYNL) [hlAlert]

Rating:
Buy SYNL
down 41.91 %

Synalloy Corporation (SYNL) rated Buy with price target $23 by BB&T Capital Mkts

Posted on: Thursday,  Oct 10, 2013  10:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Buy Synalloy Corporation (NASDAQ: SYNL) on 10/10/2013, when the stock price was $16.51. Since
then, Synalloy Corporation has lost 41.91% as of 08/27/2015's recent price of $9.59.
If you would have followed this BB&T Capital Mkts's recommendation on SYNL, you would have lost 41.91% of your investment in 686 days.

Synalloy Corporation, operates in the metals and specialty chemicals industry segments through its subsidiaries. The Metals Segment, operating as Bristol Metals, LLC (Bristol), manufactures pipe and piping systems from stainless steel and other alloys for the chemical, petrochemical, pulp and paper, mining, power generation (including nuclear), wastewater treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical and other industries. The Specialty Chemicals Segment consists of four operating companies: Blackman Uhler Specialties, LLC (BU Specialties), Organic Pigments, LLC (OP) and SFR, LLC (SFR), all located in Spartanburg, South Carolina, and Manufacturers Chemicals, LLC (MC), located in Cleveland, Tennessee and Dalton, Georgia. In September 2009, the Company acquired business of Ram-Fab, Inc., a private company located in Crossett, Arkansas.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2013 10:25 AM Buy
None
16.51 23.00
as of 12/13/2013
1 Week down  -0.54 %
1 Month up  0.74 %
3 Months down  -1.27 %
1 YTD down  -1.27 %

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