Loop Capital analyst Chris Kapsch kept his Buy rating and $123 price target on Cabot Microelectronics after meeting with its management. The analyst says the company stands by its "strategic impetus" for the acquisition of KMG Chemicals, with continued expectations of EPS accretion, benefits of scale, product and portfolio breath, along with a "more judicious" capital structure. Kapsch adds that the management is "very pleased" to own an industrially-focused "Performance Materials" segment and its very attractive fundamental and financial characteristics.