Century Aluminum price target raised to $69 from $61 at Wells Fargo

Wells Fargo raised the firm’s price target on Century Aluminum (CENX) to $69 from $61 and keeps an Overweight rating on the shares. The firm upped its aluminum price forecast after its new supply-and-demand analysis yielded a wider supply deficit in 2026, even before risk of further Middle East smelter closures. The firm sees price support from “steep” electricity costs, with data centers a compelling alternative to power supply, even without added Middle Eastern closures.