Jefferies Cuts Numbers on AK Steel (AKS)

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Jefferies cut estimates and its price target on AK Steel (NYSE: AKS) from $8 to $6, while maintaining its Hold rating.

The firm cited deterioration in steel/scrap pricing and a more cautious outlook for global demand.

FY12 EPS goes down from $0.27 to $0.15.

For an analyst ratings summary and ratings history on AK Steel click here. For more ratings news on AK Steel click here.

Shares of AK Steel closed at $5.32 yesterday, with a 52 week range of $4.59-$16.75.

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