Guess Inc (NYSE: GES), Hess Corp (NYSE: HES), GrafTech International Ltd. (NYSE: GTI) and Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) received upgrades from analysts today.
Deutsche Bank (NYSE:DB) upgraded Telefonaktiebolaget LM Ericsson (ERIC) from a “sell” rating to a “buy” rating.
Citigroup (NYSE:C) upgraded Guess Inc (GES) from a “hold” rating to a “buy” rating. They have a $50 price target on the company, up from $46.
JPMorgan Chase & Co. (NYSE:JPM) upgraded GrafTech International Ltd. (GTI) from a “neutral” rating to an “overweight” rating.
Credit Suisse (NYSE:CS) upgraded Hess Corp (HES) from a “neutral” rating to an “outperform” rating. They have a price target of $115 on the company, up from $105.
Showing posts with label GrafTech. Show all posts
Showing posts with label GrafTech. Show all posts
Thursday, April 28, 2011
Monday, December 13, 2010
Metalico (AMEX:MEA), Schnitzer Steel (NASDAQ:SCHN), Sims Metal (NYSE:SMS) Look Strong in Scrap Sector
The recent increase in iron ore prices by Rio Tinto (NYSE:RIO) may indicate a strong scrap industry, and companies like Metalico (AMEX:MEA), Schnitzer Steel (NASDAQ:SCHN) and Sims Metal (NYSE:SMS) are among the favorites of Canaccord.
In the steel industry they like Horsehead Holding (Nasdaq:ZINC) and GrafTech International (NYSE:GTI).
Canaccord said, "We remain bullish on the scrap industry. We reiterate our BUY ratings on Metalico, Schnitzer Steel Industries, and Sims Metal Management. We also continue to recommend two stocks that will benefit from improving conditions in the steel industry: Horsehead Holding, a leading processor of electric arc furnace dust and producer of zinc, and GrafTech International, a major supplier of graphite electrodes to electric arc furnace steelmakers worldwide."
Metalico was trading at $5.43, up $0.13, or 2.45 percent as of 11:57 AM EST. Schnitzer Steel Industries was trading at $62.25, up $1.03, or 1.68 percent. Sims Metal was at $20.05, up $0.45, or 2.30 percent.
Horsehead Holding was trading at $12.31, up $0.12, or 0.98 percent, as of 12:00 PM EST. GTI increased to $20.46, up $0.54, or 2.71 percent.
In the steel industry they like Horsehead Holding (Nasdaq:ZINC) and GrafTech International (NYSE:GTI).
Canaccord said, "We remain bullish on the scrap industry. We reiterate our BUY ratings on Metalico, Schnitzer Steel Industries, and Sims Metal Management. We also continue to recommend two stocks that will benefit from improving conditions in the steel industry: Horsehead Holding, a leading processor of electric arc furnace dust and producer of zinc, and GrafTech International, a major supplier of graphite electrodes to electric arc furnace steelmakers worldwide."
Metalico was trading at $5.43, up $0.13, or 2.45 percent as of 11:57 AM EST. Schnitzer Steel Industries was trading at $62.25, up $1.03, or 1.68 percent. Sims Metal was at $20.05, up $0.45, or 2.30 percent.
Horsehead Holding was trading at $12.31, up $0.12, or 0.98 percent, as of 12:00 PM EST. GTI increased to $20.46, up $0.54, or 2.71 percent.
Thursday, December 2, 2010
GrafTech's (NYSE:GTI) Acquisition of Seadrift, C/G Electrodes a Game-changer
Now that the deals by GrafTech (NYSE:GTI) for Seadrift and C/G Electrodes have been completed, Canaccord Genuity, which maintains a "Buy" rating on GrafTech, sees it as a game-changer.
Canaccord said, "GrafTech has officially closed the acquisitions of Seadrift and C/G Electrodes. We continue to view the Seadrift deal as a “game-changer” as ownership of Seadrift should enable GrafTech to secure a large portion of its needle coke needs while potentially benefiting from price increases of this critical raw material through sales on the open market."
GrafTech closed at $20.51 Wednesday, pushing up by $0.91, or 4.64 percent. Canaccord has a price target of $24 on them, increasing it from $20.
Volume was over double the daily 3-month average.
Canaccord said, "GrafTech has officially closed the acquisitions of Seadrift and C/G Electrodes. We continue to view the Seadrift deal as a “game-changer” as ownership of Seadrift should enable GrafTech to secure a large portion of its needle coke needs while potentially benefiting from price increases of this critical raw material through sales on the open market."
GrafTech closed at $20.51 Wednesday, pushing up by $0.91, or 4.64 percent. Canaccord has a price target of $24 on them, increasing it from $20.
Volume was over double the daily 3-month average.
Tuesday, November 30, 2010
GrafTech (NYSE:GTI) Shares Up on Acquisitions of Seadrift, C/G Electrodes
Shares of GrafTech International Ltd. (NYSE:GTI) are making a nice move today on the news they've completed their acquisitions of Seadrift Coke L.P. and C/G Electrodes.
Seadrift is the second largest producer of petroleum-based needle coke in the world. CG Electrode is a producer of graphite electrodes.
Trading volume on the day is closing in on almost three times the daily 3-month average.
GrafTech was trading at $19.47, gaining $0.84, or 4.51 percent as of 1:42 PM EST. They're near the top end of the 52- week range of $11.68 - $19.61.
Seadrift is the second largest producer of petroleum-based needle coke in the world. CG Electrode is a producer of graphite electrodes.
Trading volume on the day is closing in on almost three times the daily 3-month average.
GrafTech was trading at $19.47, gaining $0.84, or 4.51 percent as of 1:42 PM EST. They're near the top end of the 52- week range of $11.68 - $19.61.
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