KeyBanc Reinstates Koppers Holdings Coverage: Hold

KeyBanc Capital Markets reinstated its Koppers Holdings KOP coverage with a Hold rating in a research report published today. In the report, KeyBanc states, "KOP's dominant market position in its core businesses and leverage toward global growth in primary aluminum production are positives, in our opinion. In addition, the Company's second largest business, procuring and treating railroad ties in North America, typically experiences consistent year-over-year dem and helping to balance out its more cyclical businesses." Shares of Koppers Holdings closed today at $32.37, down 2.59% from Wednesday's market close.