Credit Suisse First Boston analyst Scott Morrison upgraded the steel sector today, saying the group "is set to have a strong cyclical rally over the next year as pricing and volumes in the U.S. industry recover from extremely depressed levels." He upgraded three companies to buy from hold: AK Steel (AKS) - Get AK Steel Holding Corporation Report, Nucor (NUE) - Get Nucor Corporation Report and Worthington Industries (WOR) - Get Worthington Industries, Inc. Report.
: UP to intermediate-term accumulate from intermediate-term neutral at
: UP to intermediate-term accumulate from intermediate-term neutral at Merrill Lynch.
: UP to intermediate-term buy from accumulate at Merrill Lynch.
: DOWN to market performer from market outperformer at
: DOWN to long-term attractive from buy at
: NEW recommended at Goldman Sachs.