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Fly News Breaks for August 15, 2017
CBT
Aug 15, 2017 | 05:30 EDT
JPMorgan analyst Jeffrey Zekauskas upgraded Cabot to Overweight with a $57 price target. Carbon black price levels are negotiated in the U.S. from August until December, and the outcome is more likely to be in a positive direction than a negative one, Zekauskas tells investors in a research note. The analyst sees a high probability of the company meeting or exceeding consensus 2018 earnings targets.
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