RBC Capital Maintains Sector Perform Rating for GrafTech International: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of GrafTech International EAF and lower its price target from $7.00 to $4.00.

Shares of GrafTech International are trading down 1.38% over the last 24 hours, at $4.63 per share.

A move to $4.00 would account for a 13.7% decrease from the current share price.

About GrafTech International

GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.