Zacks Investment Research downgraded shares of TPC GROUP INC (TPCG) from NEUTRAL to UNDERPERFORM on November 21, 2012, with a target price of $45.80.
TPC Group, formerly known as Texas Petrochemicals, Inc. is engaged in providing specialized lines of chemical products to major chemical and petroleum-based companies worldwide. The Company produces value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons and sells its products and services into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants. The Company's products include: butadiene, butene-1, diisobutylene, isobutylene and other specialty chemicals. The Company operates facilities in Port Neches and Baytown, Texas, as well as a product terminal in Lake Charles, Louisiana. TPC Group is headquartered in Houston, Texas.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on TPC GROUP INC (TPCG),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment