Wolfe Research analyst Timna Tanners upgraded Century Aluminum to Peer Perform from Underperform without a price target post the Q4 results. The company’s better cost outlook and elevated regional premiums can alleviate liquidity concerns, the analyst tells investors in a research note. However, the firm remains "lukewarm" on aluminum markets citing spare idled capacity, uncertain Chinese property sector demand, and excess Russia tons.
Published first on TheFly
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