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Fly News Breaks for April 24, 2017
AKS
Apr 24, 2017 | 07:10 EDT
Macquarie analyst Aldo Mazzaferro upgraded AK Steel to Outperform with an $8.10 price target based on valuation and expected improvement in earnings as steel market demand improves. Mazzaferro increasingly believes steel demand is improving and is sustainable, raising his 2017/18/19 earnings estimates to 38c/92c/$1.42 from 22c/80c/$1.30.
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