AdvanSix initiated with a Hold at Truist

Truist initiated coverage of AdvanSix (ASIX) with a Hold rating and $19 price target AdvanSix has historically traded at a significant discount to peers, in part due to persistently weak fundamentals in the nylon chain, its largest business, the analyst tells investors. With input cost inflation within Plant Nutrients likely to continue pressuring earnings, the firm believes catalysts for near-term share outperformance are limited, the analyst added.