Dahlman Rose Upgrades AK Steel (AKS) to Hold

November 28, 2012 7:19 AM EST
Get Alerts AKS Hot Sheet
Price: $9.52 --0%

Rating Summary:
    8 Buy, 12 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Dahlman Rose upgraded AK Steel (NYSE: AKS) from Sell to Hold.

"We are upgrading AKS to Hold from Sell as we believe the implications of its recent debt and equity issue have been priced in and near-term liquidity risk has been removed," the analyst comments. "Though we remain neutral on the steel sector, we favor service centers on a relative basis."

For an analyst ratings summary and ratings history on AK Steel click here. For more ratings news on AK Steel click here.

Shares of AK Steel closed at $3.79 yesterday.

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