UPDATE: Citigroup Reiterates on Noranda Aluminum Holding on Lowered EPS Estimates
November 18, 2013 at 10:07 AM EST
In a report published Monday, Citigroup analyst Brian Yu reiterated a Neutral rating on Noranda Aluminum Holding Corporation (NYSE: NOR ), but lowered the price target from $3.50 to $3.20. In the report, Citigroup noted, “Based on our 2014E and a 8.0x multiple we apply a 60% weighting on our
