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AK Steel (AKS) Stock Rises on Bullish Analyst Note
2015-05-11 21:55:14| Steel - Topix.net
The firm reiterated its "buy" rating and $9 price target on the sixth-largest U.S. steelmaker based on improved global electrical steel demand, declining iron ore costs, and better free cash flow as estimated 2015 project spending winds down. "Last week we hosted CFO Roger Newport in investor meetings with New York, where he was upbeat that the recent $20/ton price hike was sticking and more could follow," the firm wrote in a research note.
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Category:Materials