Kaiser Aluminum Corp. (NASDAQ: KALU), Metabolix Inc. (NASDAQ: MBLX), Nuveen Arizona Premium Income (NYSE: NAZ), Omnicare, Inc. (NYSE: OCR) and Penn National Gaming (NASDAQ: PENN) getting new coverage from analysts.
Bank of America (NYSE:BAC) initiated coverage on Kaiser Aluminum Corp. (KALU). They placed a “Buy” rating and a price target of $54.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Metabolix Inc. (MBLX). They placed a “Neutral” rating and a price target of $5.00 on the company.
Stifel Nicolaus initiated coverage on Nuveen Arizona Premium Income (NAZ). They placed a “Sell” rating on the company.
Cowen initiated coverage on Omnicare, Inc. (OCR). They placed an “Outperform” rating on the company.
Lazard Capital initiated coverage on Penn National Gaming (PENN). They placed a “Neutral” rating on the company.
Showing posts with label Kaiser. Show all posts
Showing posts with label Kaiser. Show all posts
Tuesday, December 13, 2011
Thursday, May 19, 2011
Alcoa (AA) (ACH) (RS) (CENX) (KALU) Jump as Aluminum Prices Rise
Aluminum prices for 3-month contracts climbed $55 to $2,556 a ton, pushing up the share price of Aluminum Corp of China (NYSE:ACH), Reliance Steel and Aluminum (NYSE:RS), Alcoa (NYSE:AA), Century Aluminum (NASDAQ:CENX) and Kaiser Aluminum (NASDAQ:KALU) on Wednesday.
That happened even as aluminum inventories were up in LME warehouses, adding 1,325 tons to a new record high of 4.71 million tons.
Several weeks ago the U.S. International Trade Commission voted 6-0 to impose duties on Chinese goods made of aluminum. Specifically targeted were aluminum extrusions, which are used in sills, door frames and window frames, as well as in solar power frames and gutters.
Alcoa (AA) closed Wednesday at $16.69, gaining $0.24, or 1.46 percent. Aluminum Corp of China (ACH) closed at $22.22, up $0.80, or 3.73 percent.
That happened even as aluminum inventories were up in LME warehouses, adding 1,325 tons to a new record high of 4.71 million tons.
Several weeks ago the U.S. International Trade Commission voted 6-0 to impose duties on Chinese goods made of aluminum. Specifically targeted were aluminum extrusions, which are used in sills, door frames and window frames, as well as in solar power frames and gutters.
Alcoa (AA) closed Wednesday at $16.69, gaining $0.24, or 1.46 percent. Aluminum Corp of China (ACH) closed at $22.22, up $0.80, or 3.73 percent.
Tuesday, November 23, 2010
Alcoa (NYSE:AA), Alumina (NYSE:AWC), Reliance (NYSE:RS), Century (NASDAQ:CENX), Kaiser (NASDAQ:KALU) Plunge on Aluminum Oversupply Concerns
Alcoa (NYSE:AA), Alumina (NYSE:AWC), Reliance (NYSE:RS), Century (NASDAQ:CENX), Kaiser (NASDAQ:KALU), along with other aluminum-exposed companies, are getting hit hard today on news oversupply could push down prices.
The aluminum industry has attempt to create a narrative of strong demand over the next decade or so, but in the short-term that probably won't be the case, and depending on economic conditions, could be under pressure in the mid-term as well.
Today's downward pressure is from the announcement premiums on shipments to Japan will probably fall in the first quarter of 2011 on oversupply in the market.
A growing number of analyst also believe pressure on pricing is a trend and not a temporary situation; bad news for an already struggling aluminum sector.
Alcoa was trading at $13.13, falling by $0.16, or 1.20 percent at 1:22 PM EST. Alumina was at $7.81, dropping $0.34, or 4.17 percent. Reliance was down to $44.37, losing $1.00, or 2.20 percent. Century was at $14.09, declining $0.35, or 2.42 percent. Kaiser plummeted to $46.60, falling $0.82, or 1.73 percent.
The aluminum industry has attempt to create a narrative of strong demand over the next decade or so, but in the short-term that probably won't be the case, and depending on economic conditions, could be under pressure in the mid-term as well.
Today's downward pressure is from the announcement premiums on shipments to Japan will probably fall in the first quarter of 2011 on oversupply in the market.
A growing number of analyst also believe pressure on pricing is a trend and not a temporary situation; bad news for an already struggling aluminum sector.
Alcoa was trading at $13.13, falling by $0.16, or 1.20 percent at 1:22 PM EST. Alumina was at $7.81, dropping $0.34, or 4.17 percent. Reliance was down to $44.37, losing $1.00, or 2.20 percent. Century was at $14.09, declining $0.35, or 2.42 percent. Kaiser plummeted to $46.60, falling $0.82, or 1.73 percent.
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