JPMorgan has lowered Cabot’s price target to $54 from $75, maintaining an Underweight rating. The firm notes a 6% decline in carbon black volumes in the Americas for three consecutive years, along with margin pressure due to consumer trade-down to lower quality tires. Further share downside is expected due to the “weak” carbon black price and volume environment. Source: TheFly.

Read more at Yahoo Finance: Cabot price target lowered to $54 from $75 at JPMorgan