Bank of America Reiterates Underperform and PT of $12 on AK Steel

Bank of America reiterated its Underperform rating on AK Steel AKS. At the same time, the rating agency left its price target on the company's stock unchanged at $12. On Thursday, AKS lost 14.33% of its value to end the day at $9.21. Its shares continued to slide in today's pre-market trading, falling 1.74% to stand around $9.05.