Jefferies Maintains a 'Hold' on Cytec Industries Inc. (CYT); Raising Estimates & PT
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Price: $72.33 +0.53%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CYT Now!
Jefferies maintains a 'Hold' on Cytec Industries Inc. (NYSE: CYT) price target raised from $64 to $72.
Analyst, Laurence Alexander, said, "Cytec has announced a $439m acquisition in composite materials for aerospace and industrial applications. The deal is expected to close in Q3. Cytec also reiterated its expectation to announced a resolution for separating the Coating Resins business in Q2 and preannounced Q1 EPS of $1.24-$1.28. All in all, a strong start to the year. We are raising 2012 EPS by $0.85 to $4.95."
For an analyst ratings summary and ratings history on Cytec Industries Inc. click here. For more ratings news on Cytec Industries Inc. click here.
Shares of Cytec Industries Inc. closed at $64.06 yesterday, with a 52 week range of $32.02-$64.90.
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Analyst, Laurence Alexander, said, "Cytec has announced a $439m acquisition in composite materials for aerospace and industrial applications. The deal is expected to close in Q3. Cytec also reiterated its expectation to announced a resolution for separating the Coating Resins business in Q2 and preannounced Q1 EPS of $1.24-$1.28. All in all, a strong start to the year. We are raising 2012 EPS by $0.85 to $4.95."
For an analyst ratings summary and ratings history on Cytec Industries Inc. click here. For more ratings news on Cytec Industries Inc. click here.
Shares of Cytec Industries Inc. closed at $64.06 yesterday, with a 52 week range of $32.02-$64.90.
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