Rio Tinto (RIO), Canadian Natural Resources (CNQ), Noranda Aluminum Holding Co. (NOR), Pan American Silver (PAAS), Potash (POT), Anglo American plc (AAUKY) and Wells Fargo & Co. (WFC) had ratings and price targets on them adjusted by analysts.
Deutsche Bank initiated coverage on Pan American Silver (PAAS). They placed a "Buy" rating and price target of $31.00 on the company.
Barclays Capital upgraded Canadian Natural Resources (CNQ) from a "Equal Weight" rating to a "Overweight" rating.
Bank of America upgraded Noranda Aluminum Holding Co. (NOR) from a "Neutral" rating to a "Buy" rating.
Barclays Capital upgraded Rio Tinto (RIO) from a "Equal Weight" rating to a "Overweight" rating.
Raymond James initiated coverage on Potash (POT). They placed an "Outperform" rating on the company.
Barclays Capital downgraded Anglo American plc (AAUKY) from a "Equal Weight" rating to a "Underweight" rating.
Nomura upgraded Wells Fargo & Co. (WFC) from a "Neutral" rating to a "Buy" rating.
Showing posts with label Noranda Aluminum. Show all posts
Showing posts with label Noranda Aluminum. Show all posts
Monday, April 2, 2012
Wednesday, February 8, 2012
BP (BP) (PXP) (NOR) (LPX) (SJM) (PEET) Ratings and Price Targets
BP Plc (NYSE:BP), Plains Exploration (NYSE:PXP), Noranda Aluminum (NYSE:NOR), Louisiana-Pacific (NYSE:LPX), J.M. Smucker (NYSE:SJM) and Peet’s Coffee & Tea (NASDAQ:PEET) had ratings and price targets on them adjusted by analysts.
Plains Exploration (PXP) was upgraded by Susquehanna from a "Neutral" rating to a "Positive" rating.
BP Plc (BP) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
Noranda Aluminum (NOR) was downgraded by Bank of America (NYSE:BAC) from a "Buy" rating to a "Neutral" rating.
Louisiana-Pacific (LPX) was downgraded by UBS (NYSE:UBS) from a "Neutral" rating to a "Sell" rating.
KeyBanc Capital initiated coverage on J.M. Smucker (SJM). They have a "Buy" rating and price target of $95.00 on the company.
KeyBanc Capital initiated coverage on Peet’s Coffee & Tea (PEET). They have a "Buy" rating and price target of $80.00 on the company.
Plains Exploration (PXP) was upgraded by Susquehanna from a "Neutral" rating to a "Positive" rating.
BP Plc (BP) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
Noranda Aluminum (NOR) was downgraded by Bank of America (NYSE:BAC) from a "Buy" rating to a "Neutral" rating.
Louisiana-Pacific (LPX) was downgraded by UBS (NYSE:UBS) from a "Neutral" rating to a "Sell" rating.
KeyBanc Capital initiated coverage on J.M. Smucker (SJM). They have a "Buy" rating and price target of $95.00 on the company.
KeyBanc Capital initiated coverage on Peet’s Coffee & Tea (PEET). They have a "Buy" rating and price target of $80.00 on the company.
Friday, November 5, 2010
Alcoa (NYSE:AA), Century (NASDAQ:CENX), Kaiser (NASDAQ:KALU), Noranda (NYSE:NOR) Soar on Fed QE
Alcoa Inc. (NYSE:AA), Century Aluminum Company (NASDAQ:CENX), Kaiser Aluminum Corp. (NASDAQ:KALU), Noranda Aluminum Holding Corporation (NYSE:NOR) soared on the inflationary steps taken by the Federal Reserve, which will dilute the U.S. dollar even more via its $600 billion quantitative easing fiasco.
Commodities, which are denominated, for the most part, in U.S. dollars, will benefit strongly from this, and aluminum companies mentioned above, and others, will partake in that benefit.
Aluminum prices rose to their highest level since April, reaching about $2,450 a ton.
Higher commodity prices, in whatever segment they're in, can overcome a lot of resistance and operational problems, and that is the case with aluminum and aluminum producers, who are poised to move up in share price based on the expected and ongoing rise in aluminum prices.
Commodities, which are denominated, for the most part, in U.S. dollars, will benefit strongly from this, and aluminum companies mentioned above, and others, will partake in that benefit.
Aluminum prices rose to their highest level since April, reaching about $2,450 a ton.
Higher commodity prices, in whatever segment they're in, can overcome a lot of resistance and operational problems, and that is the case with aluminum and aluminum producers, who are poised to move up in share price based on the expected and ongoing rise in aluminum prices.
Monday, October 11, 2010
Alcoa (NYSE:AA) Helps Century (NASDAQ:CENX), Alumina (NYSE:AWC) Soar on Quarterly Results, Guidance
Although there are a lot of uncertainties remaining in the aluminum market, that didn't stop investors from pushing up the share prices of Alcoa Inc. (NYSE:AA), Alumina Limited (NYSE:AWC) and Century Aluminum Company (NASDAQ:CENX).
Alcoa beat revenue estimates and increased their aluminum demand outlook.
Alcoa closed the week at $12.89, gaining $0.69, or 5.66 percent on Friday. Century Aluminum ended the session at $13.99, rising $0.63, or 4.72 percent. Alumina surged $7.80, increasing $0.37, or 4.98 percent.
Among the top aluminum performers for the day was Noranda Aluminum Holding (NYSE:NOR), which rose to $10.08, gaining $0.89, or 9.68 percent.
Others in positive territory were Aluminum Corporation Of China Limited (NYSE:ACH). Reliance Steel and Aluminum (NYSE:RS) and Kaiser Aluminum (NASDAQ:KALU)
Aluminum Corporation closed at $24.79, rising $0.19, or 0.77 percent. Reliance finished the week at $43.89, gaining $1.44 on Friday, or 3.39 percent. Kaiser Aluminum ended the session at $44.38, an increase of $1.17, or 2.71 percent.
The market is starting to believe emerging markets can carry aluminum demand without much help from mature economies.
Alcoa beat revenue estimates and increased their aluminum demand outlook.
Alcoa closed the week at $12.89, gaining $0.69, or 5.66 percent on Friday. Century Aluminum ended the session at $13.99, rising $0.63, or 4.72 percent. Alumina surged $7.80, increasing $0.37, or 4.98 percent.
Among the top aluminum performers for the day was Noranda Aluminum Holding (NYSE:NOR), which rose to $10.08, gaining $0.89, or 9.68 percent.
Others in positive territory were Aluminum Corporation Of China Limited (NYSE:ACH). Reliance Steel and Aluminum (NYSE:RS) and Kaiser Aluminum (NASDAQ:KALU)
Aluminum Corporation closed at $24.79, rising $0.19, or 0.77 percent. Reliance finished the week at $43.89, gaining $1.44 on Friday, or 3.39 percent. Kaiser Aluminum ended the session at $44.38, an increase of $1.17, or 2.71 percent.
The market is starting to believe emerging markets can carry aluminum demand without much help from mature economies.
Wednesday, June 23, 2010
Noranda Aluminum (NYSE:NOR) Gets Solid Analyst Marks
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.
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.
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