Cabot price target raised to $103 from $100 at UBS

UBS raised the firm’s price target on Cabot to $103 from $100 but keeps a Neutral rating on the shares. The firm is keeping its estimates following the company’s “in-line” Q2 results, with Reinforcement EBIT slightly ahead and Performance segment margins slightly below its estimates. The stock is trading a bit above average levels against expectations of next-12-months’ earnings that are “still a bit depressed”, the analyst tells investors in a research note.