Jefferies Starts Schnitzer Steel (SCHN) at Buy
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Price: $33.20 --0%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Jefferies initiates coverage on Schnitzer Steel (NASDAQ: SCHN) with a Buy rating and $70 price target.
The firm states, "With continued growth from acquisitions and benefits from the company’s investments in recycling technology we see the likelihood for earnings power to exceed expectations in the coming years as scrap flows recover and ferrous margins normalize."
For more ratings news on Schnitzer Steel click here and for the rating history of Schnitzer Steel click here.
Shares of Schnitzer Steel closed at $58.57 yesterday.
The firm states, "With continued growth from acquisitions and benefits from the company’s investments in recycling technology we see the likelihood for earnings power to exceed expectations in the coming years as scrap flows recover and ferrous margins normalize."
For more ratings news on Schnitzer Steel click here and for the rating history of Schnitzer Steel click here.
Shares of Schnitzer Steel closed at $58.57 yesterday.
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