BofA/Merrill Lynch Downgrades AK Steel (AKS) to Neutral
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Price: $1.55 --0%
Rating Summary:
2 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
2 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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BofA/Merrill Lynch downgraded AK Steel (NYSE: AKS) from Buy to Neutral with a price target of $4.00 (from $6.00). Analyst Timna Tanners pointed out a weaker steel price outlook and more challenged cash flow.
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 $2.90 yesterday.
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