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Fly News Breaks for May 28, 2015
AA, CENX
May 28, 2015 | 09:42 EDT
JPMorgan lowered its estimates for Century Aluminum (CENX) and Alcoa (AA) to reflect reduced aluminum regional premiums. The firm expects both companies to feel the "brunt of the lower premiums" in the second half of 2015. It lowered its price target for Century Aluminum to $5 from $7 and for Alcoa to $14 from $15. JPMorgan has an Underweight rating on Century and Neutral rating on Alcoa.
News For CENX;AA From the Last 2 Days
AA
Mar 18, 2024 | 09:01 EDT
BofA raised the firm's price target on Alcoa to $32 from $31 and keeps a Neutral rating on the shares. The firm updated its Alcoa model with commodity pricing locked in and now sees Q1 adjusted EBITDA of $121M, above its prior estimate of $97M due mainly to higher aluminum pricing. BofA's EBITDA view is now in line with Bloomberg consensus at $119M, but below Visible Alpha at $140M, the analyst noted.