Goldman Sachs Adjusts Price Targets On Steel And Aluminum Names

Loading...
Loading...
Analysts at Goldman Sachs on Friday issued the following calls on Steel and Aluminum companies that may explain the sector-wide sell-off.
    Upgrades
  • Nucor Energy NUE upgraded to Buy from Neutral with a price target lowered to $52 from a previous $55.
Downgrades
  • U.S. Steel X downgraded to Neutral from Buy with a price target lowered to $23 from a previous $52.
Maintained At Buy
  • Steel Dynamics STLD with a price target lowered to $24 from a previous $30.
  • AK Steel AKS with a price target lowered to $6.50 from $13.
Maintained At Neutral
  • Allegheny Technologies ATI with a price target lowered to $31 from a previous $40.
  • Century Aluminum Company CENX with a price target lowered to $21 from a previous $26.50.
  • Reliance Steel & Aluminum Company RS with a price target lowered to $64 from a previous $70.
  • RTI International Metals RTI with a price target lowered to $22 from a previous $25.
  • Freeport-McMoRan FCX with a price target lowered to $18 from a previous $31.
  • Commercial Metals Company CMC with a price target lowered to $14 from a previous $16.
  • Cliffs Natural Resources CLF with a price target lowered to $7 from a previous $9.
  • Maintained at Sell
    • Schnitzer Steel Industries SCHN with a price target lowered to $14 from a previous $17.
    • Teck Resources TCK with a price target lowered to $13 from a previous $17.
Loading...
Loading...
Posted In: NewsAluminumAluminum CompaniesCommoditiesGoldman SachsmetalsSteelSteel Companies
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...