UBS analyst Alex Stansbury initiated coverage of Kaiser Aluminum (KALU) with a Neutral rating and $176 price target The firm views Kaiser as a “best-in-class” metal processing company with attractive end market exposure to aerospace and packaging. However, the shares trade at a premium valuation with deleveraging the near term priority for the company, the analyst tells investors in a research note.
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Read More on KALU:
- Kaiser Aluminum downgraded to Underweight from Neutral at JPMorgan
- Kaiser Aluminum price target raised to $183 from $170 at KeyBanc
- Kaiser Aluminum Lifts Outlook After Record EBITDA
- Kaiser Aluminum reports Q1 EPS $3.74, consensus $1.96
- Kaiser Aluminum raises adjusted EBITDA outlook growth view to 20%-30%