Sep 10th 2013 - Edison Investment Research today published a report on Cytec Industries entitled "A Quarter Of Focus". In summary, the report says:
Cytec’s Q2 results demonstrated that the group is moving from an acquisition to a full integration phase. With the planned disposal of the non-core materials distribution business of Umeco complete, plans to consolidate production sites in the US and the closure of the China JV, Cytec is delivering an integration plan to focus where opportunities are greatest. In our view, significant strategic wins in Q2 such as its selection as preferred advanced materials supplier to CFM for the LEAP-1 engine, demonstrate the benefits of Cytec’s technology focus. While Industrial Materials remains weak in the short term, affecting the current rating of 11.5x 2014 EPS, we view this as a longer-term play for the group.
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