NEW YORK (TheStreet) -- Century Aluminum (CENX) - Get Report stock was upgraded to "neutral" from "underweight" at JPMorgan on Friday, the Fly reports. The firm has a $7 price target on shares of the Chicago-based producer of aluminum.
JPMorgan cited its higher LME aluminum price outlook. Additionally, the firm believes the global aluminum market looks more balanced in the near term, the Fly noted.
Shares of Century Aluminum closed sharply lower on heavy trading volume Friday.
More than 2.87 million of the company's shares changed hands today vs. its average 30-day volume of 1.66 million shares.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CENX