Jefferies Cuts Numbers on Schnitzer Steel (SCHN)
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Price: $33.20 --0%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 22 | New: 45
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 22 | New: 45
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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.
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