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Fly News Breaks for May 4, 2015
ZEUS
May 4, 2015 | 06:19 EDT
Credit Suisse upgraded Olympic Steel two notches to Outperform from Underperform and raised its price target to $17 from $12. The firm said Olympic Steel is leveraged to an expected reduction in U.S. import volumes and improving steel prices. The firm said the odds of a recovery in both are low but, even with a muted steel recovery, a reduction in import volumes is enough to drive shares higher.
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