Time to Take Profit on Steel Names - Analyst (STLD) (WOR) (RS) (SCHN)
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Jefferies Downgrades Worthington Industries (WOR) to Hold, Sees Material Pull Back in Steel Prices
September 18, 2012 7:11 AM EDTJefferies downgraded Worthington Industries (NYSE: WOR) from Buy to Hold with a price target of $26.00 (from $26.00).
The analyst comments, "With U.S. steel prices poised for a (likely material) pull back and following recent expansion in valuations, we recommend investors reduce exposure to... More
Jefferies Downgrades Steel Dynamics (STLD) to Hold, Sees Material Pull Back in Steel Prices
September 18, 2012 7:10 AM EDTJefferies downgraded Steel Dynamics (NASDAQ: STLD) from Buy to Hold with a price target of $13.50 (from $15.00).
The analyst comments, "With U.S. steel prices poised for a (likely material) pull back and following recent expansion in valuations, we recommend investors reduce exposure to... More
Jefferies Downgrades Schnitzer Steel (SCHN) to Hold, Sees Material Pull Back in Steel Prices
September 18, 2012 7:09 AM EDTJefferies downgraded Schnitzer Steel (NASDAQ: SCHN) from Buy to Hold with a price target of $31.00 (from $34.00).
The analyst comments, "With U.S. steel prices poised for a (likely material) pull back and following recent expansion in valuations, we recommend investors reduce exposure to... More
Jefferies Downgrades Reliance Steel & Aluminum (RS) to Hold, Sees Material Pull Back in Steel Prices
September 18, 2012 7:09 AM EDTJefferies downgraded Reliance Steel & Aluminum (NYSE: RS) from Buy to Hold with a price target of $62.00 (from $64.00).
The analyst comments, "With U.S. steel prices poised for a (likely material) pull back and following recent expansion in valuations, we recommend investors reduce exposure... More
