RBC Capital Maintains Sector Perform on GrafTech International, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arun Viswanathan maintains a Sector Perform rating on GrafTech International (NYSE:EAF) and lowers the price target from $3 to $2.
February 16, 2024 | 5:34 pm
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NEGATIVE IMPACT
RBC Capital maintains a Sector Perform rating on GrafTech International and lowers the price target from $3 to $2.
The reduction in price target by RBC Capital, a notable financial institution, could lead to a negative short-term impact on GrafTech International's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100