The Goldman Sachs Group Upgrades Clariant (OTCMKTS:CLZNY) to “Strong-Buy”

Clariant (OTCMKTS:CLZNY) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

CLZNY has been the topic of a number of other research reports. Barclays upgraded Clariant to an “overweight” rating in a research report on Monday, August 3rd. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Jefferies Financial Group raised shares of Clariant from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Finally, Morgan Stanley lowered shares of Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Clariant currently has an average rating of “Moderate Buy”.

Clariant Trading Down 2.7%

Shares of Clariant stock opened at $13.23 on Thursday. The firm has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.33. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.96.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.