Soft end-market demand and customer de-stocking mar the prospects of the Zacks Chemicals Specialty industry. PPG, CE and AXTA are set to gain from strategic actions to navigate the ongoing challenges.
Here is how Axalta Coating Systems (AXTA) and Amerigo Resources (ARREF) have performed compared to their sector so far this year.
A rebound in end-market demand, moderating raw material and energy costs and the absence of customer inventory de-stocking augur well for the chemical industry. DD, AXTA, CBT and KRO are worth a look.
Axalta Coating (AXTA) looks promising at the moment based on its robust Q1 results and the acquisition of The CoverFlexx Group.