UBS downgraded Orion S.A. (OEC) to Neutral from Buy with a price target of $7, down from $12, after the company cut its fiscal 2025 EBITDA outlook. The firm no longer believes there will be a near-term upturn in western tire production. Orion faces more overhangs on carbon black demand, the analyst tells investors in a research note. UBS believes an earnings and free cash flow improvement is now more dependent on the second half of 2026 and 2027, which is longer than initially expected.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OEC:
- Midday Fly By: Big banks report beats, GM takes $1.6B EV charge
- Closing Bell Movers: Polaris jumps 12% on Indian Motorcycle spinoff, Q3 outlook
- Orion S.A. cuts FY25 adjusted EBITDA view to $220M-$235M from $270M-$290M
- Orion S.A. down 20% at $5.50 after cutting FY25 EBITDA view
- Orion S.A. price target lowered to $12 from $15 at UBS