Jefferies Maintains a 'Buy' on GrafTech International (GTI); Cutting Numbers on Reduced Volume Assumptions
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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: 5 | New: 26
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Buy' on GrafTech International (NYSE: GTI) price target lowered from $23 to $18.
Analyst, Luke Folta, said, "Though earnings prospects for the current year have dimmed materially relative to prior expectations, we see limited downside risk from here and believe the current price represents as good an entry point as will be available in the coming quarters. Investor sentiment is near an all-time low and estimates have been drastically reduced leaving greater risk to the upside than downside in our view."
Jefferies lowers FY12 EPS estimate from $1.60 to $0.84 and FY13 from $2.38 to $1.44.
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 $12.08 yesterday.
Analyst, Luke Folta, said, "Though earnings prospects for the current year have dimmed materially relative to prior expectations, we see limited downside risk from here and believe the current price represents as good an entry point as will be available in the coming quarters. Investor sentiment is near an all-time low and estimates have been drastically reduced leaving greater risk to the upside than downside in our view."
Jefferies lowers FY12 EPS estimate from $1.60 to $0.84 and FY13 from $2.38 to $1.44.
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 $12.08 yesterday.
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