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Fly News Breaks for April 21, 2017
KALU
Apr 21, 2017 | 07:23 EDT
Cowen analyst Novid Rassouli noted that Kaiser Aluminum reported better than expected Q1 EBITDA citing strong general engineering shipments. However, the company said near-term challenges remain, including the aerospace destocking and Trentwood modernization that will make 2017 largely a transition year. Rassouli reiterated his Outperform rating and raised his price target to $96 from $92 on Kaiser Aluminum shares.
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