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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.
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