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Fly News Breaks for November 29, 2018
CCMP
Nov 29, 2018 | 09:02 EDT
Buckingham analyst Dmitry Silversteyn initiated Cabot Microelectronics with a Buy and $130 price target. Silversteyn said the pullback in Cabot shares since the KMG Chemicals acquisition announcement in August has provided an attractive entry point and believes the addition of a rapidly growing and high margin DRA business will help drive profits and preserve its enviable margins.
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