What To Know About RBC Capital's Downgrade of GrafTech International

RBC Capital downgraded its rating of GrafTech International EAF to Sector Perform with a price target of $7.00, changing its price target from $10.00 to $7.00.

Shares of GrafTech International are trading down 6.11% over the last 24 hours, at $6.38 per share.

A move to $7.00 would account for a 9.8% increase 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.