EFTA Document EFTA01387060

"excessive" selloff after ITC "shocked the market" March 23 in overturning Dept. of Commerce's silicon metal tariffs (no anti- dumping or countervailing duties will be issued as a result). GSM drops as much as 6.2%, adding to Friday's 24% selloff. * Lowers ests. for 2018 and 2019 EPS to 84c and 80c from $1.16 and $1.35, respectively, to reflect expectation of lower silicon metal prices; PT to $13.50 from $18, but believes current stock price presents attractive entry point * Current stock