Loop Capital analyst Chris Kapsch kept his Buy rating and $82 price target on Cabot, saying the company's new 10M share repurchase authorization brings the program to about 18% of its entire public float. The analyst notes this "underscores the company's confidence in its strategic direction and earnings trajectory", corroborating his positive stance of a "cyclical and structural inflection in the carbon black industry". Kapsch also adds that the perceived risks around the company's exposure to geopolitical concerns such as a trade war with China are not "especially acute" for Cabot.