Saudi Fransi affirms hold on Saudi Kayan after Q1-2015 results

19/04/2015 Argaam
Saudi Fransi Capital has reinstated a hold recommendation on Saudi Kayan Petrochemical Co.
 
The move comes after the company, which is 35 percent owned by SABIC, posted first quarter results that fell short of forecasts.
 
The rating agency also set the stock’s target price at SAR 11.

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