Deutsche Bank Upgrades AK Steel (AKS) to Buy
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
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.
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
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- PICC Property & Casualty Co Ltd (2328:HK) (PPCCY) PT Raised to HK$12 at HSBC
- Estée Lauder (EL) climbs as BofA upgrades to Buy on profit recovery expectations
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Deutsche BankSign 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!