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Fly News Breaks for June 6, 2018
CBT
Jun 6, 2018 | 07:39 EDT
Loop Capital analyst Chris Kapsch believes the new International Maritime Organization bunker fuel standard, while creating some near-term feedstock sourcing uncertainty, will eventually play out positively for Cabot Corporation. Visibility associated with this benefit, however, may take time to materialize, Kapsch tells investors in a research note. The analyst view Cabot's valuation as "compelling" and sees increasing evidence of the carbon black industry's "positive ongoing fundamental inflection and burgeoning pricing momentum." He keeps a Buy rating on the shares with an $80 price target.
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