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AKS

AK Steel

$5.45

-0.02 (-0.37%)

07:19
05/19/17
05/19
07:19
05/19/17
07:19

AK Steel initiated with a Neutral at Longbow

  • 25

    May

AKS AK Steel
$5.45

-0.02 (-0.37%)

04/26/17
JEFF
04/26/17
NO CHANGE
Target $9
JEFF
Buy
AK Steel selloff a buying opportunity, says Jefferies
Jefferies analyst Seth Rosenfeld recommends buying AK Steel following yesterday's post-guidance selloff. The analyst expects the company's results to improve in the second half of 2017 amid lower raw material costs. He reiterates a Buy rating on the shares with a $9 price target.
04/24/17
MACQ
04/24/17
UPGRADE
Target $8.1
MACQ
Outperform
AK Steel upgraded to Outperform from Neutral at Macquarie
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.
04/19/17
SBSH
04/19/17
UPGRADE
Target $7
SBSH
Neutral
AK Steel upgraded to Neutral from Sell at Citi
Citi analyst Alexander Hacking upgraded AK Steel to Neutral saying the stock, after dropping 35% since his downgrade to Sell in January, more fairly reflects the company's sustainable levels of profitability. The analyst lowered his price target for the shares to $7 from $8. Hacking maintains a neutral stance on the U.S. Steel sector into the Q1 earnings results.
03/29/17
COWN
03/29/17
NO CHANGE
COWN
Steel sentiment has deteriorated, may have further downside, says Cowen
Cowen analyst Novid Rassouli sand the sentiment in steel stocks has deteriorated following the drop in oil prices, the non-repeal of ACA, and tightening Chinese credit. Rassouli said US HRC prices may come under near-term pressure due to widening domestic versus international spreads and failing scrap prices, leading to additional downside in steel names. The analyst said U.S. Steel (X) and AK Steel (AKS) are the most levered to HRC prices, ArcelorMittal (MT) could see additional downside if iron ore prices continue lower, and views Steel Dynamics (STLD) and Nucor (NUE) as defensive plays given lower fixed cost structures.

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