Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of chemical and railroad tie manufacturer Koppers Holdings
So what: Koppers has two primary business lines: selling carbon materials and chemicals to customers like Alcoa
Now what: Unlike war, I'm won't say that analyst upgrades are good for absolutely nothing. A negative analyst view can be a good reason to take a closer look at a stock you own, while a positive note can bring a stock to your attention that you might not have otherwise paid mind. However, an analyst's positive (or negative) outlook is no replacement for doing your own research. Koppers has a solid business that has produced attractive returns on capital, good cash flow, and pays a decent dividend. Thank Oppenheimer and Jefferies for bringing it to your attention, but buy because of the business fundamentals, not because they said so.
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