Deutsche Bank Downgrades Cabot to Hold, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst David Begleiter downgraded Cabot (NYSE:CBT) from Buy to Hold while raising the price target from $88 to $95.

April 18, 2024 | 4:28 pm
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NEUTRAL IMPACT
Cabot downgraded by Deutsche Bank from Buy to Hold, with a price target increase from $88 to $95.
The downgrade to Hold suggests a neutral outlook on Cabot's stock performance in the short term, indicating that the stock might not have much upside potential from its current level. However, the increase in the price target from $88 to $95 implies a positive view on the company's fundamentals or future earnings potential. This mixed signal could lead to a neutral short-term impact on the stock price, as the market digests both the downgrade and the raised price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100