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Fly News Breaks for June 22, 2018
CBT
Jun 22, 2018 | 06:44 EDT
Loop Capital analyst Chris Kapsch nudged his price target on Cabot to $82 and kept his Buy rating, saying he is positive on the company's "relatively cheap valuation" juxtaposed against a structurally improving carbon black industry fundamental backdrop. The analyst also points to the firm industry utilization rates, limited prospects for meaningful expansion, and "burgeoning pricing momentum" as positives for Cabot.
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