Credit Suisse Raises NLC Target To $37 From $30

Credit Suisse is raising its target on shares of Nalco Holding Company NLC to $37 (from $30). “We continue to believe NLC has a solid story with a stable/defensive business platform, but given the aforementioned raw material headwinds and a fair valuation, we are maintaining our Neutral rating,” Credit Suisse writes. Nalco Holding Company currently trades at $31.81.