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Fly News Breaks for February 14, 2019
GSM
Feb 14, 2019 | 07:41 EDT
Jefferies analyst Martin Englert downgraded Ferroglobe to Hold from Buy and lowered his price target for the shares to $2.70 from $3.00. The catalysts potentially driving upward revisions have failed to materialize, Englert tells investors in a research note. The analyst, who thought capacity curtailments could boost silicon prices and higher aluminum scrap could dissuade the shift away from primary silicon and Mn-alloys, now sees a "lack of foreseeable catalysts."
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