Stifel Maintains Buy Rating for Algoma Steel Gr: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Algoma Steel Gr ASTL and lower its price target from $16.00 to $14.25.

Shares of Algoma Steel Gr are trading down 1.58% over the last 24 hours, at $6.85 per share.

A move to $14.25 would account for a 108.03% increase from the current share price.

About Algoma Steel Gr

Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.