Orion Engineered initiated with a Neutral at Mizuho

Mizuho analyst John Roberts initiated coverage of Orion Engineered with a Neutral rating and $25 price target. The analyst prefers shares of Cabot (CBT) to Orion, saying it has a more diversified portfolio including higher growth inkjets, batteries verticals, and fumed silica. Orion is more impacted by a slowdown in durables demand and its earnings are already anniversarying some of the initial benefits from the ban on Russian products, the analyst tells investors in a research note.