Zacks Investment Research downgraded shares of KMG CHEMICALS (KMG) from NEUTRAL to UNDERPERFORM on October 01, 2012, with a target price of $15.40.
KMG Chemicals manufactures, markets and distributes specialty, niche chemicals. The company manufactures, markets and distributes three wood preserving chemicals, pentachlorophenol, creosote and sodium pentachlorophenate, to industrial customers engaged in the wood preserving business. The company's customers use these preservatives to treat wood and supply the treated wood products to end-users in a variety of industries, principally the railroad, utility and construction industries.
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