UPDATE: J.P. Morgan Color on Georgia Gulf PT Decrease

J.P. Morgan, which lowered its PT on shares of Georgia Gulf Corp. GGC, is providing some color on the stock. “We reduced our 2Q:11 EPS estimate from $0.43 to $0.12, and we lowered our 2011 EPS forecast from $2.35 to $2.00,” J.P. Morgan writes. “Our 2012 EPS estimate is $3.20 versus $4.00 previously, and our 2013 EPS projection is $4.00. “We reduced our 2Q:11 EBITDA estimate (adjusted for debt cost amortization) from $65Mn to $49Mn, and we lowered our 2011 EBITDA forecast from $292Mn to $272Mn.” Georgia Gulf closed Wednesday $25.05.