Credit Suisse Maintains Outperform on Cabot, Lowers Price Target to $82
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst John Roberts has maintained an 'Outperform' rating on Cabot (NYSE:CBT) but lowered the price target from $85 to $82.
August 08, 2023 | 12:15 pm
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Cabot's price target has been lowered from $85 to $82 by Credit Suisse, though the 'Outperform' rating is maintained.
The lowering of the price target by Credit Suisse may create a negative sentiment among investors, potentially putting downward pressure on the stock. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100