Goldman Sachs Starts GrafTech International (GTI) at Neutral; Risk/Reward Balanced

Goldman Sachs initiates coverage on GrafTech International (NYSE: GTI) with a Neutral. PT $11.00.

Analyst, Sal Tharani, said, "We like GTI’s global platform and backward integration into needle coke, and consider it a good long-term investment opportunity as (1) non-res resumes in the US, (2) Europe recovers and (3) EAF based steel production rises in emerging markets, particularly China, as they get more self sufficient in scrap. However, these are equally balanced by near-term risks of a weak steel demand environment and GTI’s high exposure to Europe."

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 $9.54 yesterday.

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