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Fly News Breaks for December 21, 2018
CENX
Dec 21, 2018 | 07:15 EDT
Morgan Stanley analyst Piyush Sood started Century Aluminum with an Equal Weight rating and $10 price target, stating that he thinks the stock appears to have "somewhat priced in" an expected decline in alumina pricing next year. While the stock has underperformed backward-integrated peers, Century Aluminum shares are still pricing in positive expectations for 2019, Sood contends, calling out Section 232, capacity growth, and reinvestment in the business as key issues to watch.
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