Jefferies Has Buy Rating On Cytec (CYT)

Jefferies & Co. has a Buy rating and a $60 price target on Cytec CYT. In a note sent to clients, Jefferies writes, "Cytec's risk/reward profile appears attractive for investors focused on its leverage to secular trends (lighter aircraft, environmentally friendly coatings), structural improvement in its coatings business, and an expansion in manufacturing. We reiterate our Buy rating." Shares of CYT lost 23 cents on Friday to close at $49.30.