Citi raised the firm’s price target on GrafTech (EAF) to $2.20 from $1 and keeps a Neutral rating on the shares. The firm updated estimates post the Q3 report. It models GrafTech’s 2025 EBITDA close to breakeven. CIti still sees the electrode market at a trough and believes it is set to recover “but with limited visibility and challenges still remaining.”
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Read More on EAF:
- GrafTech Reports Q3 2024 Results Amid Strategic Moves
- GrafTech International Secures Loans and Plans Exchange Offer
- GrafTech sees 2024 CapEx $35M-$40M
- GrafTech reports Q3 adjusted EPS (13c), consensus (9c)
- GrafTech regains compliance with NYSE continued listing standards
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
