UPDATE: Jefferies Raises PT to $72 on Cytec Industries Post Q4 Results

by Benzinga Staff
February 4, 2013 12:15 PM | 27 seconds read | Make a Comment

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Jefferies reiterated its Hold rating on Cytec Industries (NYSE: CYT) and raised the price target from $73.00 to $77.00. Jefferies said, "Following a solid Q4 (ex-Umeco), two themes are apparent: legacy Cytec appears to be executing well; and the Coatings divestiture has rebalanced the portfolio ahead of at least 2-3 years of strong growth in demand for aerospace composites. With a better entry point possible once the buybacks are done (particularly if demand trends remain choppy), we reiterate our Hold rating."Cytec Industries closed at $73.61 on Friday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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