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ubs lowers cabot corp price target while maintaining neutral rating
UBS has lowered its price target for Cabot Corp to $93 while maintaining a Neutral rating, citing the stock's undervaluation and strong financial performance, including an EPS of $1.76 that exceeded expectations. Despite mixed results in revenue, the company reaffirmed its full-year guidance, supported by solid performance in its Reinforcement Materials and Performance segments. Mizuho Securities also adjusted its price target to $105, highlighting the impact of market developments and contract pricing in the tire manufacturing sector.
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