U.S. chemical companies using natural gas as a feedstock have an advantage over European rivals...

|By:, SA News Editor

U.S. chemical companies using natural gas as a feedstock have an advantage over European rivals that rely on more expensive crude, Citi says as it upgrades chemical maker Cytec (CYT +3.7%) to Buy. Citi also likes Cytec's ability to make carbon fiber, which is becoming a bigger component of new aircraft models like the Boeing 787.