Cabot price target lowered to $54 from $75 at JPMorgan

JPMorgan lowered the firm’s price target connected Cabot (CBT) to $54 from $75 and keeps an Underweight standing connected the shares. The steadfast says c achromatic volumes successful the Americas person been little by 6% for 3 years successful succession. Meanwhile, margins are being pressured by a trade-down by consumers from higher prime tires to little prime and little costly tires, the expert tells investors successful a probe note. JPMorgan sees further stock downside connected the “weak” c achromatic terms and measurement environment.

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