Dahlman Rose Downgrades AK Steel (AKS) to Sell; Expect Next Move Lower

August 23, 2012 7:09 AM EDT
Get Alerts AKS Hot Sheet
Price: $9.25 -2.84%

Rating Summary:
    8 Buy, 12 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Dahlman Rose downgraded AK Steel (NYSE: AKS) from Hold to Sell with a price target of $5.00.

Analyst, Anthony B. Rizzuto, said, "We are lowering our ratings on the domestic steel producers, as we believe the next move in steel prices will be lower. Recent domestic price increases have not been matched internationally, potentially inviting increased imports later this year and placing a de facto ceiling on domestic prices."

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 $5.92 yesterday.

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