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Earnings
Cabot reports Q3 adjusted EPS (7c), consensus (2c) » 16:55
08/06/20
08/06
16:55
08/06/20
16:55
CBT

Cabot

$38.16 /

-0.415 (-1.08%)

Reports Q3 revenue $518M,…

Reports Q3 revenue $518M, consensus $549.37M.

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CBT Cabot
$38.16 /

-0.415 (-1.08%)

CBT Cabot
$38.16 /

-0.415 (-1.08%)

07/27/20
Fly Intel: Top five analyst downgrades
07/27/20 JPMorgan
Cabot downgraded to Neutral on valuation at JPMorgan
07/27/20 JPMorgan
Cabot downgraded to Neutral from Overweight at JPMorgan
06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
CBT Cabot
$38.16 /

-0.415 (-1.08%)

Over a week ago
Downgrade
Fly Intel: Top five analyst downgrades » 10:17
07/27/20
07/27
10:17
07/27/20
10:17
FSLR

First Solar

$61.15 /

-1.02 (-1.64%)

, CBT

Cabot

$38.38 /

+0.15 (+0.39%)

, CSOD

Cornerstone OnDemand

$33.82 /

-2.39 (-6.60%)

, GSX

GSX Techedu

$82.08 /

+1.16 (+1.43%)

, ALB

Albemarle

$85.05 /

-2.02 (-2.32%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. First Solar (FSLR) downgraded to Neutral from Buy at Roth Capital with analyst Philip Shen saying he believes the company's progress on increasing module efficiency may not be fast enough to enable a competitive cost structure over the medium-term. 2. Cabot (CBT) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he thinks Cabot's business fundamentals improved through the course of fiscal Q3 and expects additional progress in Q4 as the China market recovers. 3. Cornerstone OnDemand (CSOD) double downgraded to Underperform from Buy at BofA with analyst Brad Sills saying the stock is trading at a "steep discount" to software group and offers some potential for subscription revenue reacceleration, but the management's focus on building Content Anytime library in recent years has led to customer dissatisfaction with the lack of innovation in its core learning and performance suite. 4. GSX Techedu (GSX) downgraded to Hold from Buy at Deutsche Bank with analyst Vitus Leung saying Chinese online after school tutoring stocks have been re-rated since the COVID-19 outbreak and shares of pure online education company GSX have increased by about 250% year-to-date. 5. Albemarle (ALB) downgraded to Sell from Hold at Berenberg with analyst Sebastian Bray saying while there would be "few more obvious beneficiaries" of a "green recovery" than Albemarle as the world's largest producer of lithium, COVID-19 has "showcased a lack of supply discipline on the part of the lithium industry." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

FSLR First Solar
$61.15 /

-1.02 (-1.64%)

CSOD Cornerstone OnDemand
$33.82 /

-2.39 (-6.60%)

CBT Cabot
$38.38 /

+0.15 (+0.39%)

ALB Albemarle
$85.05 /

-2.02 (-2.32%)

FSLR First Solar
$61.15 /

-1.02 (-1.64%)

07/27/20 Roth Capital
First Solar downgraded to Neutral from Buy at Roth Capital
07/27/20 Roth Capital
First Solar downgraded to Neutral from Buy at Roth Capital
07/15/20 GLJ Research
First Solar downgraded to Sell at GLJ Research on margin concerns, valuation
07/15/20 GLJ Research
First Solar downgraded to Sell from Hold at GLJ Research
CBT Cabot
$38.38 /

+0.15 (+0.39%)

07/27/20 JPMorgan
Cabot downgraded to Neutral on valuation at JPMorgan
07/27/20 JPMorgan
Cabot downgraded to Neutral from Overweight at JPMorgan
06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
CSOD Cornerstone OnDemand
$33.82 /

-2.39 (-6.60%)

07/27/20 BofA
Cornerstone OnDemand double-downgraded to Underperform from Buy at BofA
07/27/20 BofA
Cornerstone OnDemand downgraded to Underperform from Buy at BofA
06/29/20 Goldman Sachs
Cornerstone OnDemand price target raised to $46 from $37 at Goldman Sachs
05/20/20 DA Davidson
Cornerstone OnDemand price target raised to $45 from $40 at DA Davidson
GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

07/27/20 Deutsche Bank
GSX Techedu downgraded to Hold from Buy at Deutsche Bank
07/16/20 Barclays
Barclays downgrades GSX Techedu on valuation, not fraud concerns
07/16/20 Barclays
GSX Techedu downgraded to Equal Weight from Overweight at Barclays
07/14/20 Credit Suisse
GSX Techedu downgraded to Neutral from Outperform at Credit Suisse
ALB Albemarle
$85.05 /

-2.02 (-2.32%)

07/27/20 Berenberg
Albemarle downgraded to Sell following rally off lows at Berenberg
07/27/20 Berenberg
Albemarle downgraded to Sell from Hold at Berenberg
06/26/20
Fly Intel: Top five analyst upgrades
06/26/20 Citi
Citi upgrades Albemarle to Neutral, says earnings downside priced in
GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

FSLR First Solar
$61.15 /

-1.02 (-1.64%)

CSOD Cornerstone OnDemand
$33.82 /

-2.39 (-6.60%)

CBT Cabot
$38.38 /

+0.15 (+0.39%)

ALB Albemarle
$85.05 /

-2.02 (-2.32%)

  • 21
    Nov
GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

ALB Albemarle
$85.05 /

-2.02 (-2.32%)

GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

FSLR First Solar
$61.15 /

-1.02 (-1.64%)

CSOD Cornerstone OnDemand
$33.82 /

-2.39 (-6.60%)

ALB Albemarle
$85.05 /

-2.02 (-2.32%)

GSX GSX Techedu
$82.08 /

+1.16 (+1.43%)

FSLR First Solar
$61.15 /

-1.02 (-1.64%)

ALB Albemarle
$85.05 /

-2.02 (-2.32%)

Downgrade
Cabot downgraded to Neutral on valuation at JPMorgan » 06:20
07/27/20
07/27
06:20
07/27/20
06:20
CBT

Cabot

$38.23 /

-0.46 (-1.19%)

JPMorgan analyst Jeffrey…

JPMorgan analyst Jeffrey Zekauskas downgraded Cabot to Neutral from Overweight with a price target of $38, up from $33. The analyst thinks Cabot's business fundamentals improved through the course of fiscal Q3 and expects additional progress in Q4 as the China market recovers. However, he cites valuation for the downgrade. Cabot's current multiple represents fair value for a semi-commodity company, Zekauskas tells investors in a research note.

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CBT Cabot
$38.23 /

-0.46 (-1.19%)

CBT Cabot
$38.23 /

-0.46 (-1.19%)

07/27/20 JPMorgan
Cabot downgraded to Neutral from Overweight at JPMorgan
06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
CBT Cabot
$38.23 /

-0.46 (-1.19%)

Downgrade
Cabot downgraded to Neutral from Overweight at JPMorgan » 04:46
07/27/20
07/27
04:46
07/27/20
04:46
CBT

Cabot

$38.23 /

-0.46 (-1.19%)

JPMorgan analyst Jeffrey…

JPMorgan analyst Jeffrey Zekauskas downgraded Cabot to Neutral from Overweight with a $38 price target.

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CBT Cabot
$38.23 /

-0.46 (-1.19%)

CBT Cabot
$38.23 /

-0.46 (-1.19%)

06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
CBT Cabot
$38.23 /

-0.46 (-1.19%)

Over a month ago
Conference/Events
Cabot management to meet virtually with Loop Capital » 04:55
07/08/20
07/08
04:55
07/08/20
04:55
CBT

Cabot

$37.07 /

-0.63 (-1.67%)

Virtual Meetings to be…

Virtual Meetings to be held July 7-8 hosted by Loop Capital.

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CBT Cabot
$37.07 /

-0.63 (-1.67%)

CBT Cabot
$37.07 /

-0.63 (-1.67%)

06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
CBT Cabot
$37.07 /

-0.63 (-1.67%)

Conference/Events
Cabot management to meet virtually with Loop Capital » 04:55
07/07/20
07/07
04:55
07/07/20
04:55
CBT

Cabot

$37.70 /

+0.725 (+1.96%)

Virtual Meetings to be…

Virtual Meetings to be held July 7-8 hosted by Loop Capital.

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CBT Cabot
$37.70 /

+0.725 (+1.96%)

CBT Cabot
$37.70 /

+0.725 (+1.96%)

06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
CBT Cabot
$37.70 /

+0.725 (+1.96%)

Conference/Events
Cabot management to meet virtually with Loop Capital » 11:23
06/30/20
06/30
11:23
06/30/20
11:23
CBT

Cabot

$36.49 /

+0.12 (+0.33%)

Virtual Meetings to be…

Virtual Meetings to be held July 7-8 hosted by Loop Capital.

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CBT Cabot
$36.49 /

+0.12 (+0.33%)

CBT Cabot
$36.49 /

+0.12 (+0.33%)

06/30/20 Northcoast
Near-term carbon black demand remains weak, says Northcoast
06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
CBT Cabot
$36.49 /

+0.12 (+0.33%)

Recommendations
Near-term carbon black demand remains weak, says Northcoast » 10:26
06/30/20
06/30
10:26
06/30/20
10:26
CBT

Cabot

$36.37 /

+ (+0.00%)

, OEC

Orion Engineered

$10.18 /

-0.27 (-2.58%)

Northcoast analyst Kevin…

Northcoast analyst Kevin Hocevar said his index that consolidates monthly tire shipment data and weighs it by carbon black content showed that near-term demand remains soft, but the analyst added that leading indicators of carbon black demand, such as vehicle miles traveled, have been improving. He keeps a Buy rating on Orion Engineered (OEC), which he believes remains attractively valued, while maintaining a Neutral rating on "more fully valued" Cabot (CBT). He also sees the latter facing incremental costs in FY21 as it becomes compliant at is largest facility in the U.S.

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OEC Orion Engineered
$10.18 /

-0.27 (-2.58%)

CBT Cabot
$36.37 /

+ (+0.00%)

CBT Cabot
$36.37 /

+ (+0.00%)

06/10/20 Truist
Cabot price target raised to $50 from $35 at SunTrust
05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
04/03/20 JPMorgan
JPMorgan upgrades Cabot to Overweight, sees shares doubling in three years
OEC Orion Engineered
$10.18 /

-0.27 (-2.58%)

05/11/20 Barclays
Orion Engineered downgraded to Underweight with $7 target at Barclays
05/11/20 Barclays
Orion Engineered downgraded to Underweight from Equal Weight at Barclays
11/06/19 JPMorgan
Cabot downgraded to Neutral on valuation at JPMorgan
08/05/19
Orion Engineered cut to Hold at Loop Capital on deteriorating fundamentals
OEC Orion Engineered
$10.18 /

-0.27 (-2.58%)

CBT Cabot
$36.37 /

+ (+0.00%)

Recommendations
Cabot price target raised to $50 from $35 at SunTrust » 08:28
06/10/20
06/10
08:28
06/10/20
08:28
CBT

Cabot

$42.12 /

-0.9 (-2.09%)

SunTrust analyst James…

SunTrust analyst James Sheehan raised the firm's price target on Cabot to $50 from $35 and keeps a Buy rating on the shares. The company's presentation at an industry conference suggests that volumes improved sequentially in May and continue to improve in June, the analyst tells investors in a research note. Sheehan adds that Cabot is on track to meets its cash flow target of $200M for the second half of 2020.

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CBT Cabot
$42.12 /

-0.9 (-2.09%)

CBT Cabot
$42.12 /

-0.9 (-2.09%)

05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
04/03/20 JPMorgan
JPMorgan upgrades Cabot to Overweight, sees shares doubling in three years
04/03/20 JPMorgan
Cabot upgraded to Overweight from Neutral at JPMorgan
CBT Cabot
$42.12 /

-0.9 (-2.09%)

Hot Stocks
Cabot says liquidity position remains sound amid amended credit facilities » 17:05
06/08/20
06/08
17:05
06/08/20
17:05
CBT

Cabot

$43.02 /

+1.77 (+4.29%)

Cabot Corporation…

Cabot Corporation announced it has amended its revolving credit facilities to increase the maximum leverage ratio permitted under those agreements. The maximum leverage ratio applicable on the last day of each fiscal quarter will increase to 4.5 times beginning with the quarter ending September 30, 2020 and through the quarter ending June 30, 2021. There were no changes in material terms under the agreements. The company's maximum leverage ratio was previously 3.5 times for the term of these credit facilities. The agreements are scheduled to mature in October 2022. Cabot President and CEO Sean Keohane said, "While our liquidity position remains strong, increasing the maximum leverage ratio permitted under these credit facilities represents a prudent step to provide incremental headroom in light of the uncertainty in demand due to the COVID-19 pandemic. This step will provide additional flexibility beyond the COVID-19 related stress test scenarios we have assessed." "Our financial position remains sound as we work through this uncertain environment. We are confident in our expected strong cash flow generation in the second half of the fiscal year and believe our solid balance sheet will allow us to successfully navigate this period and emerge from the downturn as an even stronger industry leader," said Keohane.

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CBT Cabot
$43.02 /

+1.77 (+4.29%)

CBT Cabot
$43.02 /

+1.77 (+4.29%)

05/01/20 Northcoast
Cabot downgraded to Neutral from Buy at Northcoast
04/03/20
Fly Intel: Top five analyst upgrades
04/03/20 JPMorgan
JPMorgan upgrades Cabot to Overweight, sees shares doubling in three years
04/03/20 JPMorgan
Cabot upgraded to Overweight from Neutral at JPMorgan
CBT Cabot
$43.02 /

+1.77 (+4.29%)

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