Noranda Aluminum (NYSE:NOR) received new coverage from Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), both of which like what they see. Credit Suisse, which already covers Noranda, also gave them solid marks on their near future.
Morgan Stanley just started covering Noranada, and thir first rating for the was an "Overweight," setting a price target of $11.
Bank of America also initiated coverage on Noranda, starting them off with a "Buy" rating, while also looking at a price target of $11 a share.
Finally, Credit Suisse announced they were giving the company an "Outperform," while setting an $11 price target as well.
You don't see a lot of times when analysts all give the same price target for a company, but here you have it in all three cases.
The producer of rolled aluminum coils and other aluminum products was at $7.71 a share, a $0.05 gain, or 0.64% move, as of 12:09 PM EDT.
No comments:
Post a Comment