UPDATE: KeyBanc Capital Markets Initiates Innospec at Buy on Positioning, Acquisition Outlook

KeyBanc Capital Markets initiated coverage on Innospec (NASDAQ: IOSP ) with a Buy rating and a $40 price target. KeyBanc Capital Markets said, "We are initiating coverage of Innospec Inc. (IOSP-NASDAQ) with a BUY rating and $40 price target. Its leading market position in its core Fuel Additives business