AK Steel (AKS) Tops Q2 EPS by 1c, Offers Outlook
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JPMorgan Upgrades AK Steel (AKS) to Overweight; Fundamentals Have Bottomed, Says Analyst
July 30, 2015 6:36 AM EDT(Updated - July 30, 2015 10:19 AM EDT)
JPMorgan upgraded AK Steel (NYSE: AKS) from Neutral to Overweight with a price target of $5. Analyst Michael F. Gambardella thinks steel fundamentals have bottomed and he sees improving domestic HRC prices.
"We think fundamentals for domestic integrated steel makers have recently bottomed. Falling imports coupled with stable demand should push steel prices higher throughout the end of the year. Steel prices have likely recently seen a bottom, and we also... More
Macquarie Upgrades AK Steel (AKS) to Outperform
July 29, 2015 7:54 AM EDTMacquarie upgraded AK Steel (NYSE: AKS) from Neutral to Outperform.
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.
... More