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Citigroup Upgraded Noranda Aluminum Holding Corp To Buy (NOR)
Edited by : AL CIRCLE
1 min read
Citigroup upgraded Noranda Aluminum Holding Corp. (NYSE:NOR) to buy from hold, with a $19 price target.
The bank sees 2011 EPS of $1.63, vs. consensus estimates of $1.51 per share, and 2012 EPS of $1.80, vs. consensus estimates of $1.65 per share.
Noranda Aluminum has a potential upside of 19.7% based on a current price of $14.31 and an average consensus analyst price target of $17.13.
Noranda Aluminum should find initial support at its 50-day moving average (MA) of $14.14 and further support at its 200-day MA of $13.96.
The bank sees 2011 EPS of $1.63, vs. consensus estimates of $1.51 per share, and 2012 EPS of $1.80, vs. consensus estimates of $1.65 per share.
Noranda Aluminum has a potential upside of 19.7% based on a current price of $14.31 and an average consensus analyst price target of $17.13.
Noranda Aluminum should find initial support at its 50-day moving average (MA) of $14.14 and further support at its 200-day MA of $13.96.
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