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AK Steel +5% as BofA upgrades to Buy

2014-06-16 15:56:44| Steel - Topix.net

AK Steel +5.1% premarket after BofA/Merrill upgrades shares to Buy from Neutral with a $10 price target, up from $9, citing better global electrical steel demand, falling iron ore costs which should start to benefit AKS in Q3, and an improving free cash flow story into 2015.

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Category:Materials

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