B. Riley analyst Lucas Pipes downgraded Century Aluminum to Neutral from Buy with an unchanged price target of $12. The analyst cites valuation for the downgrade. The stock has more than doubled from its September 2022 lows but here is limited upside to current estimates, the analyst tells investors in a research note. The firm believes "remaining on the sidelines is currently the most pragmatic approach until there is more clarity on the volume or pricing upside."
Published first on TheFly
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