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Stock Market & Financial Investment News

News Breaks
January 23, 2013
06:23 EDTGTIGrafTech downgraded to Neutral from Buy at Davenport
Davenort downgraded GrafTech due to lack of earnings growth and fair valuation. Price target lowered to $12 from $16.
News For GTI From The Last 14 Days
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July 29, 2015
07:55 EDTGTIGrafTech does not see significant improvement in results in 2H15
Market conditions remain challenging in both the Industrial Materials segment and Engineered Solutions segment. Pricing in the Industrial Materials segment will be lower year-over-year, while volumes in this segment remain under pressure due to weak electric arc furnace steel production in response to continued end market weakness and temporary displacement by high Chinese steel export levels. In the Engineered Solution segment, weak advanced consumer electronics and oil and gas market demand for our products is negatively impacting volumes and pricing. While the previously announced cost initiatives are on track to deliver $50 million in cash savings in 2015, these savings will not fully offset the decline in pricing and volume across both business segments. In light of these market conditions, the Company will reduce production rates further to align with current market demand. Based on these conditions, the Company does not expect a significant improvement in results in the second half of 2015.
07:55 EDTGTIGrafTech says on track to deliver approx. $50M in cash savings in 2015
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07:54 EDTGTIGrafTech reports Q2 adjusted EPS (12c), consensus (10c)
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