Century Aluminum downgraded to Sell from Neutral at Goldman Goldman downgraded Century Aluminum due to expectations for flat aluminum pricing in 2013 and valuation. Price target is $7.
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Century Aluminum downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Century Aluminum to Underperform from Neutral. The firm believes the market is at risk of oversupply given global smelting overcapacity and increased aluminum inventories and that valuation already reflects power cost cuts. Price target is $9.