This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AK Steel: Analysts' Upgrades, Downgrades


Arkansas Best (ABFS) was downgraded to Underperform from Neutral by Bank of America/Merrill Lynch, which said that the Teamsters' rejection of wage cuts leaves Arkansas Best with the highest cost structure in the industry. Price target lowered to $24 from $35.

Barrick Gold (ABX - Get Report) was upgraded to Buy by Deutsche Bank, which said Barrick should benefit from rising gold prices.

Adtran (ADTN - Get Report) was upgraded by Barclays to Overweight from Equal Weight. Barclays said solid demand driven by U.S. investment initiatives supports growth outlook. Barclays raised 2010 and 2011 EPS estimates to $1.37 and $1.53, respectively. It also lifted the price target to $31 from $28.

AK Steel (AKS - Get Report) upgraded to Buy at Citigroup. $19 price target. Stock is down 46% and pricing in lower earnings estimates, Citigroup said.

AK Steel upgraded to Neutral from Underperform by Bank of America/Merrill Lynch, which said margin concerns are already priced into the stock. Bank of America/Merrill Lynch is maintaining a $16 price target.

Bank of New York Mellon (BK - Get Report) was initiated with a Buy rating at Jefferies, which said the bank is most leveraged to higher interest rates and a recovery in the global markets. $35 price target.

CGG-Veritas (CGV) was downgraded to Neutral from Buy on high expectations in an uncertain market, Bank of America/Merrill Lynch said. Price target lowered to $29.15 from 32.50.

Comerica (CMA - Get Report) was upgraded from Hold to Buy by Soleil Securities. $44 price target. Comerica has balance sheet leverage and should benefit from increased loan demand, Soleil said.
Don't Miss
Spotting the Market Bottom

EMC (EMC) downgraded at JP Morgan to Neutral from Overweight. Price target lowered to $21 from $22. JP Morgan maintains 2010 EPS estimates of 93 cents.

General Dynamics (GD) was upgraded from Sell to Hold by Citigroup. $67 price target. Stock looks attractive, following a recent pullback, Citigroup said.

Gilead Sciences (GILD) was upgraded from Sell to Hold by Morgan Joseph. Risks are priced into the stock at current levels, Morgan Joseph said.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ABFS $34.95 2.22%
ADTN $16.23 -0.37%
ABX $7.36 3.40%
AKS $2.36 2.80%
BK $44.01 0.30%


Chart of I:DJI
DOW 17,761.39 -37.10 -0.21%
S&P 500 2,084.16 -5.95 -0.28%
NASDAQ 5,106.5580 -20.9670 -0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs