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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:18 EDTCBTCabot upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Cabot citing valuation and the company's strong earnings growth. The firm raised its price target for shares to $55 from $49.
News For CBT From The Last 14 Days
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February 1, 2016
16:22 EDTCBTCabot expects to reduce costs by approximately $55M in 2016
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16:21 EDTCBTCabot reports Q1 adjusted EPS 51c, consensus 52c
Reports Q1 revenue $603M, consensus $704.75M.
06:05 EDTCBTCabot says CEO Patrick Prevost 'not yet ready' to resume responsibilities
Cabot provided an update on the status of President and CEO Patrick Prevost's medical leave of absence. "Patrick has been increasingly engaged with the management team and the Board of Directors and he has been participating in various meetings in the office, in addition to working from home," said John O'Brien, Cabot's Non-Executive Chairman of the Board, speaking on behalf of the Board of Directors. "While Patrick continues to focus on his recovery, he is not yet ready to resume his full-time CEO responsibilities. As such, the Interim Office of the Chief Executive Officer will continue to report to the Board of Directors."

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