UPDATE 1-JPMorgan raises rating on Rockwood Holdings

Newswire

(Changes dateline, adds details) NEW YORK, June 22 (Reuters) - JPMorgan on Friday raised its stock rating on Rockwood Holdings Inc. to "overweight" from "neutral," citing an attractive valuation and growth opportunities. The brokerage firm also raised its 2007 earnings estimate on the specialty chemicals maker to $1.70 per share from $1.60. "Long-term investors get an option to benefit from likely accelerated future earnings growth due to emerging lithium applications for hybrid ...

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