JP Morgan Maintains Neutral on Cabot, Raises Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeffrey Zekauskas maintains a Neutral rating on Cabot (NYSE:CBT) and raises the price target from $68 to $70.
August 11, 2023 | 5:18 pm
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POSITIVE IMPACT
JP Morgan maintains a Neutral rating on Cabot and raises the price target from $68 to $70. This could indicate a potential upside for the stock.
The raised price target by JP Morgan indicates a potential upside for Cabot's stock. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months, which means there might not be significant movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100