Monday, November 04, 2013 11:27:08 AM
09:57 AM ET ? GTI
GrafTech International (GTI +6.2%) is upgraded to Buy from Hold with a $12 price target, from $7, at Jefferies, which says a supply-side correction is underway. The firm's view on pricing prospects for graphite electrodes has improved, citing significant capacity reduction from electrode industry leaders such as GTI with further actions likely, recovery of Western world demand in the coming years, and significant cost reductions. Jefferies boosts GTI's FY 2014 EPS to $0.28 from $0.18.
Any man who is under 30, and is not a liberal, has no heart; and any man who is over 30, and is not a conservative, has no brains.
Winston Churchill
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