Cabot initiated with a Buy at Mizuho

Mizuho initiated coverage of Cabot with a Buy rating and $104 price target as part of a broader research note on Carbon Black. The firm has a preference for Cabot, stating it has a more diversified portfolio including higher growth inkjets, batteries verticals, and fumed silica, the analyst tells investors in a research note. Cabot’s forward earnings estimates should keep rising, in part because it appears to still be benefiting from the ban on Russian products, the firm added.