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Fly News Breaks for March 21, 2018
CBT
Mar 21, 2018 | 07:09 EDT
SunTrust analyst James Sheehan keeps his Buy rating and $73 price target on Cabot, citing his latest discussions with the management team, his industry analysis, and the commentary from competitors. Sheehan notes that carbon black supply/demand remains tight, while Cabot's Performance Chemicals segment provides a catalyst for stock price appreciation with further margin recovery. The analyst also notes Cabot's attractive valuation at 7.5-times expected FY18 EBITDA.
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