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Fly News Breaks for June 23, 2017
CENX
Jun 23, 2017 | 07:16 EDT
Deutsche Bank analyst Jorge Beristain upgraded Century Aluminum to Hold from Sell citing its leverage to higher commodity prices. Given Chinese supply side reform and environmental initiatives, he believes the aluminum rally is now expected to hold steady. Underlying U.S. economic activity appears positive and supportive trade policy actions could be a catalyst to change investor perception of the metals space, added the analyst, who raised his price target on the shares to $15 from $10.
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