Goldman Sachs Downgrades POSCO (PKX) to Neutral; Expecting Weaker 2nd Half

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Goldman Sachs downgraded POSCO (NYSE: PKX) from Buy to Neutral with a price target of $80.00 (from $100.00).

Analyst, Seung Shin, said, "Although we like its defensive balance sheet and relatively diversified revenue structure, its steel operation lacks catalysts in 2H."

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

Shares of POSCO closed at $82.85 yesterday, with a 52 week range of $70.47-$113.24.

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