Goldman Sachs Upgraded POSCO (PKX) to Conviction Buy

October 13, 2009 8:46 AM EDT

Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

The firm said, "we believe that Asian steel demand will surprise on the upside in 2010, causing potential shortages and boosting regional price."


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