GrafTech price target lowered to $10 from $21 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on GrafTech (EAF) to $10 from $21 and keeps a Sector Perform rating on the shares after its Q4 results. The company’s utilization rates are still low at about 65% for FY25 and pricing remains very challenged, the analyst tells investors in a research note. The firm adds that GrafTech’s 5%-10% volume growth and continued effective cost management could be offset by oversupply and weak pricing.