Oppenheimer Lowers PT On Calgon Carbon To $15

Oppenheimer has published a research report on Calgon Carbon Corporation CCC after the company reported a 4Q EPS beat. In the report, Oppenheimer writes "Adjusted EPS of $0.24, beat our/Street of $0.15/$0.17. Organic revenues grew 3.5%, while acquisitions added 17% and FX offset 2%. Sales of activated carbon grew less than 3% organically, as sold-out conditions persist, despite elevated demand from potable water and respirator markets. Equipment sales grew 13.3% from Hyde Marine, but experienced slight organic declines." Oppenheimer maintains its Outperform rating but has lowered the price target from $19 to $15. Calgon Carbon Corporation closed yesterday at $13.59.