Jefferies Cuts Numbers on Schnitzer Steel (SCHN)
Tweet
Share
E-mailGet Alerts SCHN Hot Sheet
Price: $33.20 --0%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies cut estimates and its price target on Schnitzer Steel (NASDAQ: SCHN) from $53 to $34, but maintained their Buy rating.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q3 EPS goes from $0.59 to $0.22 and FY12 EPS goes from $1.95 to $0.92.
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 $24.41 yesterday.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q3 EPS goes from $0.59 to $0.22 and FY12 EPS goes from $1.95 to $0.92.
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 $24.41 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities
- Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
