AK Steel Downgraded, Shares Fall 7.4% (AKS)

Shares of AK Steel Holding Corporation AKS ended the day down 7.4% at $15.36 per share. Goldman Sachs downgraded the company's stock from a rating of Neutral to a Sell rating. Today's trading range for shares of AK Steel Holding Corporation was between $15.08 and $16.24 per share. The consensus price target of analysts covering the company's stock is $14.50 per share. Volume of 17.6 million shares was was more than double the daily average volume of 6.7 million shares. AK Steel Holding Corporation (AKS) produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. Read more from Benzinga's Company news.