Goldman Sachs Downgrades GrafTech International (GTI) to Sell

February 27, 2013 6:56 AM EST
Get Alerts GTI Hot Sheet
Price: $5.05 --0%

Rating Summary:
    3 Buy, 4 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
Trade GTI Now!
Join SI Premium – FREE
Goldman Sachs downgraded GrafTech International (NYSE: GTI) from Neutral to Sell with a price target of $5.50 (from $9.00) citing worsening electrode oversupply structural issue.

"We expect oversupply in the electrode market to worsen in the foreseeable future as
new capacity continues to be built, both in China and ex-China," the analyst said.

The firm lowered 2013/2014/ normalized EPS estimates to $0.35/$0.65/$1.00 from $0.70/$1.00/$1.30.

For an analyst ratings summary and ratings history on GrafTech International click here. For more ratings news on GrafTech International click here.

Shares of GrafTech International closed at $7.92 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst EPS Change, Analyst PT Change, Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment