Deutsche Bank Upgrades Alumina Limited (AWC) to Buy on Valuation: Outlook Continues to Improve

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/20/2026

1. MRNA
2. KLAR
3. KEYS
4. PANW
5. SPY
6. MRK
7. HD
8. DVLT
9. NBIS
10. LOW

March 30, 2011 10:07 AM EDT
Get Alerts AWC Hot Sheet
Price: $4.48 --0%

Rating Summary:
    2 Buy, 2 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 9 | New: 24
Join SI Premium – FREE
Deutsche Bank upgraded Alumina Limited (NYSE: AWC) to Buy. PT A$2.75.

Deutsche analyst says, "AWAC sells approx. 60% of its alumina production to 3rd party smelters however “intersegment sales” reflect the average price of the entire “book”. Volumes will roll-off at the rate of 20% per annum and the entire book should be priced at Index by 2015. This in itself will drive roughly 6-7% earnings growth p.a. over the next 5yrs. The Platts’ FOB Australia Index price is currently US$404/t (15.2% linkage at spot Al), close to our forecast US$407/t for 2011."

For more ratings news on Alumina Limited click here and for the rating history of Alumina Limited click here.

Shares of Alumina Limited closed at $9.84 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Upgrades

Related Entities

Deutsche Bank, Earnings