Kaiser Aluminum price target lowered to $84 from $105 at Benchmark

Benchmark analyst Josh Sullivan lowered the firm’s price target on Kaiser Aluminum to $84 from $105, citing the macro environment, but keeps a Buy rating on the shares citing long-cycle aerospace activity picking up, cansheet destock mitigating, and operational improvements. Q4 looks like it will be the trough as aerospace and operational improvements begin to play out in Q1, the analyst tells investors.