Century Aluminum upgraded to Neutral from Sell at Goldman Goldman Sachs upgraded Century Aluminum to Neutral citing improving aluminum fundaments and the company's cost cutting initiatives. The firm raised its price target for shares to $15.50 from $8.
Century Aluminum price target lowered to $10 from $19 at Deutsche Bank Deutsche Bank cut its price target on Century Aluminum after the company announced that it would close its Hawesville aluminum smelter by October. The firm also believes that the likelihood of a V-shaped recovery in aluminum prices has dropped. However, it thinks the company's two remaining U.S. smelters could boost its results when aluminum prices rebound. It keeps a Buy rating on the shares.