Will This Ratings Upgrade Help Century Aluminum (CENX) Stock Today?

NEW YORK (TheStreet) -- Century Aluminum Co. (CENX) was upgraded to "buy" from "neutral" at Bank of America/Merrill Lynch on Tuesday.

The firm said it raised its rating on the aluminum producer as it believes the company is leveraged to a strong aluminum market.

Bank of America upped its price target on Century Aluminum to $30 from $21.

Separately, TheStreet Ratings team rates CENTURY ALUMINUM CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CENTURY ALUMINUM CO (CENX) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."

You can view the full analysis from the report here: CENX Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

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