Even though Nalco shares have more than doubled, to around 18 from their low of 8, they still look attractive. Bulls see them in the 20s within a year.

4.4

Cramer: What Is Dow Thinking?: Jim Cramer discusses the inexplicable amount of money that Dow Chemical is paying for Rohm & Hass.


Click here to watch the video.

Nalco (NLC) was downgraded from Neutral to Underweight at JPMorgan. With an increasingly difficult operating environment and raw material prices accelerating this will place pressure on Nalco's returns.

Nalco (NLC) was downgraded from Overweight to Neutral, JP Morgan said. Largest division has a lot of economic sensitivity. Stock also cut from the Focus List.

Nalco (NLC) was upgraded to Buy rating from Hold at Jefferies. Price target and FY 2008 eps estimates hold at $27 and $1.30, respectively.

Nalco (NLC) was upgraded to Neutral rating from Sell at UBS. Price target and FY 2008 eps estmiates hold at $26 and $1.35, respectively.

Nalco Holding (NLC) was downgraded to Sell rating from Neutral at UBS. Price target dips to $26 from $27 and FY 2008 eps estimates drop to $1.35 from $1.40.

Downgraded by Credit Suisse from Neutral to Underperform

Downgraded by Citigroup from Buy to Hold