B. Riley raised the firm’s price target on Century Aluminum (CENX) to $68 from $64 and keeps a Buy rating on the shares. The company guided to a strong Q1, with adjusted EBITDA expected to be in the range of $215M-$235M, the analyst tells investors in a research note. With Midwest Premiums remaining elevated due to the firmness of Section 232 with no exemptions, Century is poised to generate significant EBITDA and cash flow ahead of initial capex outlays at its new smelter with EGA in Oklahoma, the firm says.
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