UPDATE: Wolfe Research Downgrades Century Aluminum (CENX) to Underperform

September 30, 2022 3:56 AM EDT
Get Alerts CENX Hot Sheet
Price: $8.43 +5.11%

Rating Summary:
    2 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 13 | New: 17
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(Updated - September 30, 2022 4:39 AM EDT)

Wolfe Research analyst Timna Tanners downgraded Century Aluminum (NASDAQ: CENX) from Peerperform to Underperform, PT $4.00.

The analyst comments "We downgrade CENX to Underperform as the earnings outlook has deteriorated with lower aluminum prices and higher power costs. This can spark liquidity concerns on our new ests, with much of its challenges due to macro factors out of mgmt's control."

For an analyst ratings summary and ratings history on Century Aluminum click here. For more ratings news on Century Aluminum click here.

Shares of Century Aluminum closed at $6.46 yesterday.

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