Wunderlich Securities is Not Surprised by Results for Koppers Holdings

In a report published Friday, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating and $52.00 price target on

. In the report, Wunderlich Securities noted, “Koppers (KOP) results should not have been a surprise based on the reported weaker aluminum production in both North America and Europe. There are signs of improvement in its Carbon Materials and Chemicals (CM&C) business which would set this segment up for a rebound in 2015. The Railroad and Utility Products (R&UP) segment is providing a stabilizing effect on Koppers' business with rail traffic volumes remaining strong. Koppers should also benefit from an increased presence in China and the Osmose acquisition. We continue to recommend purchase of KOP shares.” Koppers Holdings closed on Thursday at $32.22.