Nomura Securities Downgrades Century Aluminum (CENX) to Neutral

Nomura Securities downgraded Century Aluminum (NASDAQ: CENX) from Buy to Neutral with a price target of $4.00 (from $12.00).

Alexander Burnes commented, "Weaker all-in values have already driven CENX to issue WARN notices for its Sebree and My Holly smelters. Closure costs should weigh on cash flow / liquidity as CENX shifts focus to its low cost Icelandic smelter, Grundartangi. "

For an analyst ratings summary and ratings history on Century Aluminum click here. For more ratings news on Century Aluminum click here.

Shares of Century Aluminum closed at $4.49 yesterday.

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