KeyBanc Downgrades GrafTech International (GTI) to Hold; Reduced Operational Execution Momentum; No N-T Catalysts
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Price: $2.70 --0%
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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KeyBanc downgraded GrafTech International (NYSE: GTI) from Buy to Hold.
KeyBanc analyst said, "Although we believe a value proposition still exists for longer term investors, recent macro headwinds in Europe, subdued graphite electrode bookings momentum (GTI is 50% booked against 2012 expectations), and persistent raw material cost pressures (petroleum needle coke and pitch) have meaningfully reduced near-term EPS visibility and predictability...Accordingly, we are reducing our 2012 EPS estimate to $0.85 (from $1.40) vs. the Street's $1.61, including a 1Q12 estimate of $0.08. We are also establishing a 2013 EPS estimate of $1.20."
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 $13.25 yesterday.
KeyBanc analyst said, "Although we believe a value proposition still exists for longer term investors, recent macro headwinds in Europe, subdued graphite electrode bookings momentum (GTI is 50% booked against 2012 expectations), and persistent raw material cost pressures (petroleum needle coke and pitch) have meaningfully reduced near-term EPS visibility and predictability...Accordingly, we are reducing our 2012 EPS estimate to $0.85 (from $1.40) vs. the Street's $1.61, including a 1Q12 estimate of $0.08. We are also establishing a 2013 EPS estimate of $1.20."
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 $13.25 yesterday.
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