Clariant (OTCMKTS:CLZNY) Stock Rating Upgraded by The Goldman Sachs Group

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

A number of other analysts also recently issued reports on the stock. Barclays raised shares of Clariant to an “overweight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upgraded Clariant from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley cut Clariant from an “overweight” rating to an “underweight” rating in a report on Monday, July 20th. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Berenberg Bank raised Clariant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Clariant currently has an average rating of “Moderate Buy”.

Clariant Price Performance

CLZNY 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 one year low of $8.45 and a one year high of $13.96.

About Clariant

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.