92.51
1.36%
1.24
After Hours:
92.51
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Why is Cabot Corp (CBT) Stock down?
16 Jun, 2023:
CBT'S stock fell 8.13% because JPMorgan analyst has downgraded the company to Neutral from Overweight. The analyst believes there may be better opportunities to purchase CBT shares at more favorable prices in the coming months. The firm also mentions that under recessionary conditions, there is a potential for significant contraction in carbon black demand as tire customers reduce their inventories.
https://finance.yahoo.com/news/analysts-downgrading-10-stocks-180314126.html
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