Operator
Good day, and thank you for standing by. Welcome to the GrafTech First Quarter 2021 Conference Call.[Operator Instructions]
I would now like to hand the conference over to your speaker today, Wendy Watson, you may begin.
Wendy M. Watson
Vice President
Good morning, and welcome to GrafTech International s First Quarter 2021 Conference Call. On with me today is Dave Rintoul, GrafTech s Chief Executive Officer; Quinn Coburn, Chief Financial Officer; and Jeremy Halford, Senior Vice President, Operations and Development. Dave will begin with a review of our safety performance, current industry conditions and our demand and production levels. Jeremy will discuss operational matters and give an update on our ESG initiatives. Quinn will cover financial details, and Dave will close with final remarks. Turning to our first slide. As a reminder, some of the matters discussed on this call may include forward-looking statements regarding, among other things, results, performance,
Share:
Cleveland-Cliffs Inc (NYSE: CLF) is trading higher Tuesday after the stock received an upgrade and price target increase from Credit Suisse.
What Happened: Credit Suisse analyst Curt Woodworth upgraded Cleveland-Cliffs from Neutral to Outperform and raised the price target from $21 to $24. Cleveland Cliffs in a short period of time has put together three best in class mining/steel companies, to create a powerhouse steel entity, Woodworth said.
Recent Earnings Report: Cleveland-Cliffs reported first-quarter financial results on April 22. The company reported earnings of 35 cents per share, beating the estimate of 33 cents. The company increased its full-year 2021 adjusted EBITDA guidance to $4 billion up from $3.5 billion.
Arconic Inc (ARNC) Q1 2021 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
U.S. Steel Jumps; Credit Suisse Double Upgrades on Sector Cycle
U.S. Steel was upgraded to overweight from underweight with a $35 price target by Credit Suisse analysts.
Author:
U.S. Steel (
X) - Get Report shares are higher Tuesday after analysts at Credit Suisse double upgraded the stock to outperform from underperform with a Wall-Street-high price target of $35.
The investment firm is bullish on the current state of the steel sector, which is clearly a super cycle, according to analyst Curt Woodworth. The traditional relief valve of excess China steel production has been turned off owing to ex-China tariffs and more recently China efforts to limit excess production both domestically and in the seaborne market, Woodworth said, according to Bloomberg.