Morgan Stanley Moving Stocks in Steel Sector: Upgrades X, AKS, TX, GGB, Downgrades NUE
More News related to AKS
- AK Steel Honored With Award for Technical Research Paper
- AK Steel (AKS) Adds $185 Per Ton Surcharge for Electrical Steel Products Shipped in December
- AK Steel Announces December 2009 Surcharges for Electrical and Stainless Steels
- UBS Upgrades AK Steel (AKS) to Neutral
- KeyBanc Announces Ratings Changes in Metals & Mining Capital Markets; Downgrades U.S. Steel & AK Steel
More News related to GGB
- Gerdau S.A. -- Consolidated Information
- Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
- Don't Miss Out! Two Weeks Left to Register for the 2010 IR Global Rankings
- More Than 170 Companies Already Registered for the 2010 IR Global Rankings
- More than 140 Companies Already Registered for the 2010 IR Global Rankings
More News related to NUE
- Trading Outlook for Hecla Mining Co. Issued by InvestorSoup.com
- Nucor-Yamato Prevails in Local Lawsuit
- Arkansas Nucor Plant Found Guilty of a Racially Hostile Work Environment, Plaintiffs Awarded $1.2 Million
- Trading Outlook for Century Aluminum Co. Issued by StockPreacher.com
- Trading Review for NCI Building Systems Inc. Issued by InvestorSoup.com
More News related to Downgrades
- Mexican Restaurants (CASA) Posts Q3 Loss of $0.07, Better Y/Y; Revs Down
- Cosi (COSI) Posts Q3 Loss of $0.06, Beats By 2c
- Enterprise GP Holdings (EPE) Posts Q3 EPS of $0.18, Misses Views
- Mindray Medical (MR) Tops Q3 EPS by 6c; Revs Light
- Neenah Paper (NP) Tops Q3 Views
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.
Related Categories
DowngradesInsiders' Blog
Upgrades
Stocks Mentioned
+0.69Related Entities
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!
