Bank of America Reiterates Underperform on AK Steel, Slashes PT to $12

by Emily Austin, Benzinga Staff Writer
July 27, 2011 9:27 AM | 17 seconds read |
Bank of America reiterated its Underperform rating on AK Steel AKS. At the same time, the rating agency reduced its price target on the company's stock from $16 to $12. On Tuesday, AKS closed the day at $12.81. Its shares added 1.64% to their value in today's pre-market trading to stand around $13.02.
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Posted In: Price TargetReiterationAnalyst RatingsBank of AmericaMaterialsSteel
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