Century Aluminum price target raised to $26 from $21 at BMO Capital

BMO Capital raised the firm’s price target on Century Aluminum (CENX) to $26 from $21 and keeps an Outperform rating on the shares. The company’s Q2 EBITDA missed estimates, but earnings and free cash flow in Q3 are expected to improve materially as Century starts to benefit from the higher MWP – Midwest Aluminum Premium – prices, the analyst tells investors in a research note.