Goldman Sachs Upgrades Olympic Steel (ZEUS) to Neutral
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Price: $47.86 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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Goldman Sachs upgraded Olympic Steel (NASDAQ: ZEUS) from Sell to Neutral, saying they see significant accretion from its recent acquisition of Chicago Tube & Iron.
The firm estiamtes the acquisition would add about $0.60-$0.90 per share in EPS.
Goldman raised raise 2011-2013 and normalized EPS estimates to $2.55, $2.60, $2.90, $3.10 from $2.34, $2.00, $2.30 and $2.50. They raised their 6-month price target for ZEUS to $29.00 from $27.50.
For more ratings news on Olympic Steel click here and for the rating history of Olympic Steel click here.
Shares of Olympic Steel closed at $27.47 yesterday.
The firm estiamtes the acquisition would add about $0.60-$0.90 per share in EPS.
Goldman raised raise 2011-2013 and normalized EPS estimates to $2.55, $2.60, $2.90, $3.10 from $2.34, $2.00, $2.30 and $2.50. They raised their 6-month price target for ZEUS to $29.00 from $27.50.
For more ratings news on Olympic Steel click here and for the rating history of Olympic Steel click here.
Shares of Olympic Steel closed at $27.47 yesterday.
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