UPDATE: KeyBanc Capital Markets Downgrades Worthington Industries to Hold on Balanced Risk/Reward

KeyBanc Capital Markets reduced its rating on Worthington Industries WOR from Buy to Hold on slowing domestic macro momentum. KeyBanc Capital Markets noted, "We are downgrading shares of Worthington Steel Industries, Inc. (WOR-NYSE) to HOLD from BUY, with risk-reward more in balance against slowing domestic macro momentum and a strong 4Q12 (May) beat. We expect the Company to make further transformational strides to enhance long-term value and ROIC, noting that progress thus far has begun recognition with investors. Shares of WOR have risen +41% year-to-date vs. the S&P 500 of +13% and Steel Vectors Index (SLX-NYSE) of -4%." Worthington Industries closed at $23.16 on Monday.