According to Citi, Cytec Industries (NYSE:

) price target is raised to $45. Citi said that CYT reported a good operational beat in 3Q, with carbon fiber performance particularly noteworthy as volumes accelerated and margins registered sequential improvement. “In addition, we expect that outsized exposure to Europe (~60% of segment sales), will weigh on Coatings profitability in the near-term.” Cytec Industries closed on Friday at $42.90.