Market Overview

KeyBanc Capital Markets Initiates Schnitzer Steel Coverage: Hold


KeyBanc Capital Markets initiated Schnitzer Steel (NASDAQ: SCHN) coverage with a Hold rating in a research report published today.

In the report, KeyBanc Capital Markets stated, "We view Schnitzer as a high-quality metallics company and we are positively disposed to SCHN's geographic exposure, strong balance sheet and cash flow persistence, recent increase to the dividend (1.9% annual yield from 0.20%), M&A growth strategy and attractive deep valuation metrics."

Shares of Schnitzer Steel closed today at $39.87, down 0.10% from Friday's market close.

Posted-In: KeyBanc Capital MarketsAnalyst Color Initiation Analyst Ratings


Related Articles (SCHN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→