Alexander Hacking, an analyst from Citi, maintained the Hold rating on GrafTech International. The associated price target is $0.80.
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Alexander Hacking has given his Hold rating due to a combination of factors surrounding GrafTech International’s current position and potential future opportunities. The company’s CEO recently highlighted a potential partnership model similar to that of MP Materials with the US Department of Defense, which could unlock significant value for GrafTech. However, despite these discussions, GrafTech has not yet successfully capitalized on the anode material opportunity, which has been under consideration for several years.
Furthermore, GrafTech is facing capital constraints, which may limit its ability to pursue new ventures or partnerships effectively. The company’s existing capabilities and vertical integration could make it an attractive partner for government initiatives, but the lack of tangible progress in this area contributes to the Hold rating. Overall, while there is potential for growth, the current risks and uncertainties suggest a cautious approach.
In another report released on July 19, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $1.50 price target.