Schnitzer Steel (SCHN) Tops Q3 EPS by 14c
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BofA/Merrill Lynch Upgrades Schnitzer Steel (SCHN) Two Notches to Buy
July 1, 2015 7:33 AM EDTBofA/Merrill Lynch upgraded Schnitzer Steel (NASDAQ: SCHN) from Underperform to Buy with a price target of $21. Analyst Timna Tanners believes FQ3 results were a trough and noted steadier scrap prices, cost savings, and valuation.
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