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Fly News Breaks for October 26, 2015
AKS
Oct 26, 2015 | 08:26 EDT
As previously reported, BofA/Merrill downgraded AK Steel to Underperform from Neutral and lowered its price target to $1 from $4. Analyst Timna Tanners cut estimates below consensus following a lower steel price forecast. Timna expects expects AK Steel's operations to be challenged and sees little "breathing room" if steel prices remain low.
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