Close

Deutsche Bank Upgrades AK Steel (AKS) to Buy

June 29, 2011 6:56 AM EDT
Get Alerts AKS Hot Sheet
Price: $1.55 --0%

Rating Summary:
    2 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
Join SI Premium – FREE
Deutsche Bank upgraded AK Steel (NYSE: AKS) to Buy with a $17.50 price target, suggesting 22% upside.

The firm said, "...in a nutshell, we now view steel dynamics and investor sentiment as nearly the inverse of early 2011 when we downgraded the sector. Our upgrade is largely based on valuation, but we also believe that steel prices are nearing a 'floor'."

The firm also upgraded U.S. Steel (NYSE: X) to Buy.

For more ratings news on AK Steel click here and for the rating history of AK Steel click here.

Shares of AK Steel closed at $14.75 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot Upgrades, Upgrades

Related Entities

Deutsche Bank