Skip to main content

Market Overview

UPDATE: Topeka Capital Markets Upgrades A.M. Castle to Buy on Operating Initiatives


Topeka Capital Markets raised its rating on A.M. Castle (NYSE: CAS) from Hold to Buy and increased its price target from $13 to $16.

Topeka Capital Markets commented, "We recently hosted investor meetings with the management of CAS, including the new CEO Scott Dolan. While we understand initiatives to improve the structure and general operating efficiencies within the Company have been in the planning stage for some time, we sensed a greater urgency in implementing them. We also believe the scope and breadth of the initiatives are likely more vast given Mr. Dolan's fresh perspective on the Company as well as his extensive operating experience and expertise. While macro risks remain for CAS, we believe the operational and structural changes that are likely underway will dramatically improve the Company's earnings potential."

A.M. Castle closed at $12.75 on Friday.

Latest Ratings for CAS

Jan 2021RBC CapitalUpgradesSector PerformOutperform
Jul 2020RBC CapitalDowngradesSector PerformUnderperform
Jul 2020ScotiaBankMaintainsSector Perform

View More Analyst Ratings for CAS
View the Latest Analyst Ratings


Related Articles (CAS)

View Comments and Join the Discussion!

Posted-In: Topeka Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

Latest Ratings

USPHBarrington ResearchDowngrades
BYNDCanaccord GenuityMaintains155.0
MGPITruist SecuritiesDowngrades
GFLJP MorganDowngrades31.0
EDITTruist SecuritiesDowngrades45.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at