Jefferies Provides Color on Solutia

Jefferies provided color on Solutia SOA. In a research report published today, Jefferies commented on the company's expected Q2 results. In the report, Jefferies states, “We expect Solutia to meet or beat our Q2 EPS estimate of $0.55 (vs. $0.56 consensus) and likely maintain the 2011E range of $2.10-$2.25. We expect the Q2 call to focus on raw material pressures heading into 2H11. Solutia shares could remain rangebound until investors shift the focus to 2012.” At the moment, Jefferies has a Buy rating and a price target of $30 placed on the company's stock. On Thursday, Solutia lost 0.64% of its value to finish the day at $23.18.