Cabot Microelectronics

(CCMP) - Get Cabot Microelectronics Corporation Report

was up 8.9% in early afternoon trading after

UBS Warburg

TheStreet Recommends

upgraded it to strong buy from buy. The firm said the consensus earnings estimate of 45 cents a share is too low and should be at least 47 cents. UBS also set a near-term price target of $65.