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Fly News Breaks for July 9, 2018
AKS, RYI
Jul 9, 2018 | 07:39 EDT
Deutsche Bank analyst Chris Terry downgraded Ryerson to Hold and lowered his price target for the shares to $12 from $13. The analyst believes the steel sector is underappreciated but moderated his positive view on the Steel & Service Center space. He is "not of the view that the cycle will be sustainable" and continues to prefer mini-mills over integrated. Terry this morning also downgraded AK Steel (AKS) to Hold.
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