Deutsche Bank downgrades Mechel (MTL) to Hold
Tweet Send to a FriendGet Alerts MTL Hot Sheet
Price: $3.62 --0%
Rating Summary:
2 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 2 | New: 3
Rating Summary:
2 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 2 | New: 3
Trade MTL Now!
Deutsche Bank downgrades Mechel (NYSE: MTL) from Buy to Hold with a $40 price target. The firm said, "Mechel has been the strongest performer in the Russian steel universe since the beginning of the year: its shares have risen 44% while the RTS index has declined 3% over the same period. However, with Mechel's share price approaching our 12-month target price of $40.0/ADS, we see further upside as limited. At current price levels, there is only 9% potential upside left and we are therefore downgrading Mechel to HOLD."
You May Also Be Interested In
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
- Deutsche Bank Downgrades Signet Jewelers (SIG) to Hold
- Standpoint Research Downgrades DIRECTV (DTV) to Hold
Create E-mail Alert Related Categories
Downgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
