Market Overview

Jefferies Lowers CBT 2011E EPS Estimate

Jefferies is lowering its 2011E EPS estimate from $3.25 to $3.15.

“Cabot Corp. (NYSE: CBT) intends to spend $180m to expand carbon black capacity by 300,000 tpy (15% of capacity) in emerging regions. Given no recent competitor capacity announcements, the market could remain tight into 2012-13,” Jefferies writes.

Cabot currently trades at $44.82.

Posted-In: Cabot JefferiesAnalyst Ratings

 

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