Morgan Stanley Moving Stocks in Steel Sector: Upgrades X, AKS, TX, GGB, Downgrades NUE

Following several upgrades and a downgrade, two Morgan Stanley analysts are moving stocks in the Iron & Steel sector today.

• U.S. Steel (NYSE: X) - upgraded from Equal Weight to Overweight. The analyst also set a $45 price target on the stock, suggesting potential price appreciation of more than 20% from current levels. Shares are up 5.2% to $36.87.
  
• AK Steel (NYSE: AKS) - upgraded from the dreaded Underweight to Equal Weight. Shares are currently up 6.7% to $18.57.
  
• Ternium S.A. (NYSE: TX) - upgraded from Underweight to Equal Weight, also lifting its price target by nearly 200% from $7 to $20. Shares of Ternium are up 5.4% to $17.68, representing a possible jump of 13% from today's price.
  
• Gerdau S.A. (NYSE: GGB) - upgraded from Underweight to Equal Weight. Despite the upgrade, shares are down 2% to $10.99.
  
• Nucor (NYSE: NUE) - downgraded from Overweight to Equal Weight. Also, the analyst removed his $45 price target from the stock. Shares are currently down 0.5% to $46.60.

You May Also Be Interested In

• UPDATE: Williams Financial Group Upgrades Semtech Corp. (SMTC) to Buy; Check Again...Quarter Was Fairly Strong
• Canaccord Genuity Maintains a 'Hold' on Tiffany & Co. (TIF); Cutting PT and Estimates
• UBS Maintains a 'Neutral' on Patterson Companies (PDCO); Raising 'The Bar' and Estimates

Create E-mail Alert Related Categories

Downgrades, Insiders' Blog, Upgrades

Related Entities

Morgan Stanley

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter