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Fly News Breaks for May 4, 2017
RS, NUE, ZEUS
May 4, 2017 | 06:34 EDT
KeyBanc analyst Philip Gibbs downgraded Olympic Steel (ZUES) to Sector Weight citing valuation and lower than expected operating leverage. The analyst prefers to remain selective within the carbon steel space "amid a looser U.S. sheet supply-demand balance." He prefers shares of Nucor (NUE) and Reliance Steel (RS).
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