Jefferies Financial Group Upgrades Clariant (OTCMKTS:CLZNY) to “Strong-Buy”

Clariant (OTCMKTS:CLZNY) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

CLZNY has been the topic of several other research reports. Berenberg Bank upgraded shares of Clariant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Barclays upgraded Clariant to an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating on shares of Clariant in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group upgraded Clariant to a “strong-buy” rating in a research note on Thursday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Clariant Stock Down 0.2%

Shares of CLZNY stock opened at $13.18 on Tuesday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.96. The firm’s 50 day moving average price is $12.75 and its two-hundred day moving average price is $11.03.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that develops, manufactures and markets chemical products used in a broad range of industrial and consumer applications. Its offerings include specialty ingredients, surfactants, emulsifiers, preservatives, performance additives, catalysts and adsorbents. The company serves customers in markets such as personal and home care, agriculture, pharmaceuticals, coatings, plastics, automotive, energy and industrial manufacturing. Clariant’s catalysts and adsorbents support chemical processing and purification, while its care chemicals and additives are used to improve the performance, stability or functionality of finished products.