Jefferies Reports GRA Q1 EPS

Jefferies has issued a report on the Q1 EPS of W.R. Grace GRA. Jefferies writes, "Adjusted Q1 EPS of $0.78 was $0.24 above consensus and $0.25 above our estimate. Sales increased 13.1% YoY, (6.5% vol., 6.4% price, -0.2% F/X). Grace Davision was ($0.23) above our estimates, driven by Refinery Technologies (sales up 26% YoY)." GRA is Buy Rated and has a $46 Price Target. GRA closed at $41.25 a share yesterday.