Jefferies Upgrades Cabot Corp. (CBT) to Buy

Jefferies upgraded Cabot Corp. (NYSE: CBT) from Hold to Buy with a price target of $50 (up from $44).

The firm comments, "Cabot EPS revisions have outpaced the specialty chemical sector since December, but the shares still trade 6% below the sector & 25% below Cabot's 5-year average valuation (the sector trades 5% below its 2007-2012 average). Favorable volume trends support near-term momentum; medium-term returns should be driven by structural improvements in Cabot's operations."

For an analyst ratings summary and ratings history on Cabot Corp. click here. For more ratings news on Cabot Corp. click here.

Shares of Cabot Corp. closed at $42.03 yesterday.

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