Deutsche Bank Reports On CYT CEO Meetings

Deutsche Bank has issued a report on their findings following meetings with Cytec Industries' CYT CEO. According to Deutsche Bank, "Meetings with Cytec's CEO reinforced our confidence that while challenges continue in Coating Resins, the business will either be fixed or sold as in the CEO's own words, his "patience is not infinite". On the opposite side of the spectrum, prospects for Cytec's aerospace composites business have never been better (787, JSF, 5 major development programs)." CYT has a Buy Rating and a $65.00 Price Target. CYT closed at $53.31 on Friday.