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HSC

Harsco

09:22
08/09/17
08/09
09:22
08/09/17
09:22

Harsco renews five-year scrap management contract with Egypt's EZDK Steel

Harsco's Metals & Minerals division has renewed its Scrap Management contract with Al Ezz Dekheila Steel, the manufacturer of long and flat steel products in the Middle East and North Africa. The five-year contract renewal extends Harsco's scrap management services at the massive EZDK Alexandria plant, one of the largest integrated steel plants in the Middle East and North Africa region.

HSC Harsco

09/13/16
LSCM
09/13/16
INITIATION
Target $17
LSCM
Buy
Harsco initiated with a Buy at Lake Street
Lake Street analyst Robert Brown started Harsco with a Buy rating and $17 price target.
12/09/16
KEYB
12/09/16
NO CHANGE
KEYB
Harsco price target raised to $16 from $12 at KeyBanc
KeyBanc analyst Jeff Hammond says that Harsco is well-positioned to benefit from increased infrastructure spending due to its "indirect" North American s Metals & Minerals exposure. The analyst thinks that "significantly improved contract mix" and stabilizing LST volumes" should also help the company's Metals business reach a positive turning point in 2017. He believes that the company's margins will increase and keeps an Overweight rating on the shares.

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