Zacks Investment Research downgraded shares of BRASKEM SA (BAK) from NEUTRAL to UNDERPERFORM on May 10, 2012, with a target price of $12.90.
Braskem SA figures as the largest petrochemical operation in Latin America and among the five largest private companies in Brazil. With industrial facilities located in Alagoas, Bahia, S o Paulo and Rio Grande do Sul, Braskem produces primary base petrochemicals such as ethylene, propylene, benzene, caprolactam, DMT and termoplastic resins (polypropylene, polyethylene, PVC and PET) gas and GLP.
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