Jefferies Reiterates Buy Rating on Graftech International

Jefferies has published a report on GrafTech International GTI maintaining the BUY rating on the manufacturer. In the report, Jefferies wrote, "Following its earnings release and conference call, our positive view on forward earnings prospects for the company remains strongly intact and we advise investors to take advantage of yesterday's overdone -8.5% sell off in the shares and increase exposure ahead of what we continue to expect will be a dramatic improvement in pricing power and earnings leverage for GTI in 2012." Jefferies rated Graftech a BUY with a price target of $28.00.Graftech closed Thursday at $19.52.