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Cytec Industries (CYT) Stock Climbing Today After Credit Suisse Price Target Increase

2015-03-25 17:43:25| Chemicals - Topix.net

Credit Suisse's increased price target reflects analysts' expectations for stable near-term fundamentals as well as a slightly improved long-term outlook following the firm's time with management, the firm noted. "Management indicated that despite falling copper prices, it has not seen any pressure in the IPS business, which is in line with the historical patterns," analysts said, adding that aerospace remains largely on track, as does industrial materials.

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