Goldman Sachs Cuts U.S. Steel, Steel Dynamics, AK Steel; Upgrades Commercial Metals
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Goldman Sachs downgrades U.S. Steel (NYSE: X) and Steel Dynamics (Nasdaq: STLD) from Buy to Neutral. The firm also downgraded AK Steel (NYSE: AKS) from Neutral to Sell
Goldman Sachs cited the deterioration in demand and the effect of the global credit crisis.
The firm upgraded Commercial Metals (NYSE: CMC) from Neutral to Buy, citing valuation.
United States Steel Corporation produces steel products.
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Where was GS 80% ago?
HA on Oct 9, 2008 07:32 AM....