UPDATE: J.P. Morgan Downgrades Axiall on Multiple Challenges Ahead
September 11, 2013 at 10:59 AM EDT
In a report published Wednesday, J.P. Morgan analyst Jeffrey J. Zekauskas downgraded the rating on Axiall Corp. (NYSE: AXLL ) from Overweight to Neutral, and lowered the price target from $53.00 to $46.00. In the report, J.P. Morgan noted, “We rate Axiall Corp Neutral. The acquisition of the PPG assets