UPDATE: J.P. Morgan Lowers PT on Alumina Limited From A$2.45 to A$2.25

J.P. Morgan has published a research report on Alumina Limited

lowering the price target by twenty Australian cents. In the report, J.P. Morgan wrote, "Alumina's interim results confirmed the tough operating environment during H1, which offset much of the positive commodity price momentum. With costs under pressure into H2 and spot aluminum prices trending lower in recent weeks, the outlook remains challenging over the coming six months in our view." J.P. Morgan rated Alumina a Neutral with a price target lowered from A$2.45 to A$2.25. J.P. Morgan closed Wednesday at A$1.79.