Universal Stainless & Alloy (USAP) Shares Tumble as CL King Cuts to Neutral

A downgrade from CL King earlier Tuesday is taking down shares of Universal Stainless & Alloy (NASDAQ: USAP) this afternoon.

The firm now rates Universal Stainless & Alloy shares a Neutral, down from Buy previously. CL King suspended its $54 price target on shares of USAP.

Universal Stainless & Alloy shares are down nearly 6 percent to around $37.56 this afternoon.

For more ratings news on Universal Stainless & Alloy click here and for the rating history of Universal Stainless & Alloy click here.

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