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.
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