Canaccord Genuity Reiterates a 'Buy/Top Pick' on Schnitzer Steel (SCHN); Margin Gains Help Drive FQ2 Upside
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Price: $33.20 --0%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy/Top Pick' on Schnitzer Steel (NASDAQ: SCHN), PT $80.
Canaccord analyst says, "We remain bullish on Schnitzer following strong Feb. quarter results that featured impressive gains in margins, particularly in metals recycling. We prefer to stay conservative with our estimates and therefore raise our F2011 only slightly despite the upside reported in the Feb. quarter."
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 $66.01 yesterday.
Canaccord analyst says, "We remain bullish on Schnitzer following strong Feb. quarter results that featured impressive gains in margins, particularly in metals recycling. We prefer to stay conservative with our estimates and therefore raise our F2011 only slightly despite the upside reported in the Feb. quarter."
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 $66.01 yesterday.
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