Cabot price target lowered to $54 from $75 at JPMorgan

Group 1 - JPMorgan has lowered the price target on Cabot (CBT) to $54 from $75, maintaining an Underweight rating on the shares [1] - Carbon black volumes in the Americas have decreased by 6% for three consecutive years [1] - Margins are being pressured as consumers shift from higher quality tires to lower quality and less expensive options [1] Group 2 - JPMorgan anticipates further downside for Cabot shares due to the weak carbon black price and volume environment [1]