Zacks Investment Research downgraded shares of SYNALLOY CORP (SYNL) from NEUTRAL to UNDERPERFORM on December 20, 2013, with a target price of $14.40.
SYNALLOY CORP. operates in 2 principal industry segments: chemical & metal. The chemical segment manufactures dyes, pigments & auxiliaries for the textile industry & a variety of specialty chemicals for the chemical, petroleum & pharmaceutical industries. The metals segment manufactures welded stainless steel pipe & highly specialized products, most of which are custom-produced to individual orders. Products include piping systems, fittings, tanks, pressure vessels and a variety of other components.
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