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Fly News Breaks for November 14, 2019
CCMP
Nov 14, 2019 | 08:36 EDT
Loop Capital analyst Chris Kapsch downgraded Cabot Microelectronics to Hold from Buy but raised his price target to $156 from $144. The analyst notes that there are still plenty of positives for the company amid bullish trends in its key semiconductor end market and the memory chip space, along with the continued transition to 3D-NAND architectures and global rollout of 5G, but states that the valuation on the stock no longer warrants a Buy rating.
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