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UPDATE: Dahlman Rose Upgrades AK Steel Holding Corporation to Hold

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In a report published Wednesday, Dahlman Rose & Co. upgraded its rating on AK Steel Holding Corporation (NYSE: AKS) from Sell to Hold.

Dahlman Rose noted, “We are upgrading AKS to Hold from Sell as we believe the implications of its recent debt and equity issue have been priced in and near-term liquidity risk has been removed. Though we remain neutral on the steel sector, we favor service centers on a relative basis.”

AK Steel Holding Corporation closed on Tuesday at $3.82.

Latest Ratings for AKS

DateFirmActionFromTo
Aug 2016RosenblattInitiates Coverage onBuy
Aug 2016CitigroupInitiates Coverage onNeutral
Aug 2016KeyBancDowngradesSector WeightUnderweight

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Posted-In: Dahlman Rose & Co.Analyst Color Upgrades Analyst Ratings

 

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