AKS

Morning Market Snapshot: January 18th, 2011

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Good Morning. It's Tuesday, January 18, 2011. At this hour, U.S. equity futures are mixed. Overseas, the Asian markets were mixed, while the European markets are higher.

By FNNO Staff
fnnonline@gmail.com

AK Steel Holding Reduced to Sell at Goldman Sachs; $12 PT (AKS,GS)

Published on Fri, 01/07/2011 - 16:14
By Stephanie Shyu in Analyst reflections, AKS, GS, ak, aks, analyst, coal, coking, company, financial, goldman sachs, gs, iron, nyse, ore, shares, steel, trade

A Goldman Sachs analyst said, "AK Steel is the least vertically integrated mill in our coverage, with virtually no participation in iron or ore or coking coal assets. It is thus highly vulnerable to cost pressure."

Company shares are trading 6.90% lower on the news at $15.44.

ak, aks, analyst, coal, coking, company, financial, goldman sachs, gs, iron, nyse, ore, shares, steel, trade

Goldman Sachs Group, Inc. (NYSE:GS) cut its rating for AK Steel Holding Corp. (NYSE:AKS) from Neutral to Sell on Friday, with a $12.00 price target.

By Stephanie Shyu
sshyu@fnno.com

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