The Goldman Sachs Group Upgrades Clariant (OTCMKTS:CLZNY) to “Hold”

Clariant (OTCMKTS:CLZNY) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research cut shares of Clariant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Clariant Stock Performance

Shares of OTCMKTS CLZNY opened at $9.86 on Monday. The firm’s 50-day moving average price is $10.33 and its 200-day moving average price is $9.82. Clariant has a 12-month low of $8.45 and a 12-month high of $12.16.

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.