KeyBanc lowered the firm’s price target on Myers Industries to $22 from $27 and keeps an Overweight rating on the shares after attending the company’s Akro-Mils Facility in Wadsworth, OH. While the firm thinks Myers’ earnings potential is underappreciated given the growth potential of its SHP subsegment, debt paydown, and future acquisitions, it acknowledges the uncertainty surrounding its surprising CEO announcement on September 9th.
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