Goldman Sachs Downgrades Schnitzer Steel (SCHN) to Neutral

Goldman Sachs analyst Matthew Korn downgraded Schnitzer Steel (NASDAQ: SCHN) from Buy to Neutral with a price target of $27.00 (from $33.00).

The analyst steps to the sidelines citing major challenges to the company's scrap export business. Furthermore he few catalysts that can drive outperformance.

For an analyst ratings summary and ratings history on Schnitzer Steel click here. For more ratings news on Schnitzer Steel click here.

Shares of Schnitzer Steel closed at $22.96 yesterday.

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