www.streetinsider.com
Deutsche Bank maintains a Buy rating on Alumina Limited
Edited by : AL CIRCLE
1 min read
Deutsche Bank today maintained a Buy rating on Alumina Limited. Analyst Paul Young said he expects a bumpy Q2 but thinks fundamentals remain strong.
"Importantly we expect a rebound in the alumina price in 2H (to US$350/t) on tightening fundamentals (stronger demand and cost push in China) and strong margin expansion," said Young.
Shares of Alumina Limited closed at $4.17 yesterday, with a 52 week range of $2.65-$5.26.
"Importantly we expect a rebound in the alumina price in 2H (to US$350/t) on tightening fundamentals (stronger demand and cost push in China) and strong margin expansion," said Young.
Shares of Alumina Limited closed at $4.17 yesterday, with a 52 week range of $2.65-$5.26.
Previous article
The Russian company targeting 2 million tons of alumina by 2013 end
Next articleAlcoa sees rise in profits as aluminium industry strengthens
Grow with
AL Circle
