Jefferies & Company Inc. Raises Estimates And Price Target For Cabot Corp. (CBT)

Analyst Laurence Alexander at Jefferies & Company Inc. has released an update on Cabot Corp. (NYSE: CBT). The company has reported its second-quarter results. Cabot reported second-quarter EPS of $0.58, which was ahead of Jefferies estimate by $0.13 and consensus by $0.14.

Following the second-quarter results, Jefferies has raised its 2010 and 2011 EPS estimates for the company. For 2010, EPS estimate has been raised to $2.35, while for 2011; it has been raised to $2.65. The price target for the company has been raised from $36 to $40. Jefferies & Company has maintained its Buy rating for Cabot Corp.