GrafTech price target lowered to 80c from $1.50 at UBS

UBS analyst Andrew Jones lowered the firm’s price target on GrafTech (EAF) to 80c from $1.50 and keeps a Neutral rating on the shares. UBS views GrafTech as well-positioned to benefit from long-term industry tailwinds, though industry and macro headwinds seem likely to weigh on near-term profitability, the analyst tells investors in a research note.