Schnizer Steel (SCHN) Beginning to Rally Following DA Davidson Upgrade
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- Schnitzer Steel Industries Inc. (SCHN) Posts Q1 EPS of $0.23, Beats By 9c
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After opening today's trading session in the red, Schnitzer Steel (Nasdaq: SCHN) shares have now pushed into the positive and are trading at session highs. The stock price jumped mid-day as we are hearing that an analyst at DA Davidson upgraded the stock from Neutral to Buy. The firm also boosted its price target on the stock from $55 to $60.
Shares most recently traded at $46.92, up 2.6% from yesterday's close. DA Davidson's new price target represents potential price appreciation of nearly 28% from where the stock is today.
Click here to see all the analyst action on shares of Schnizter Steel.
Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada.
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