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Jefferies Initiates Coverage On AKS
Friday, July 8, 2011 - 7:34am | 95Jefferies is initiating coverage on AK Steel (NYSE: AKS) with a Hold rating and a price target of $18. Says Jefferies, in its report, “While valuations look cheap relative to historical earnings, AKS' high cost structure and lack of vertical integration positions it poorly in the expected low...
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Jefferies Upgrades Olympic Steal to Buy, Raises PT to $34
Friday, July 8, 2011 - 7:25am | 48Jefferies upgraded its rating on Olympic Steal (NASDAQ: ZEUS) from Hold to Buy. At the same time, Jefferies raised its price target on the company's stock from $32 to $34. On Thursday, ZEUS added 1.66% to its value to finish the day at $27.50.
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Jefferies Initiates AK Steel At Hold, $18 PT
Friday, July 8, 2011 - 7:22am | 26Jefferies & Company has initiated coverage on AK Steel Holding (NYSE: AKS) with a Hold rating and $18 price target.
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Jefferies Initiates Nucor At Buy, $52 PT
Friday, July 8, 2011 - 7:20am | 24Jefferies & Company has initiated coverage on Nucor (NYSE: NUE) with a Buy rating and $52 price target.
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Jefferies Initiates Commercial Metals At Hold, $16.50 PT
Friday, July 8, 2011 - 7:11am | 25Jefferies & Company has initiated coverage on Commercial Metals (NYSE: CMC) with a Hold rating and $16.50 price target.
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Jefferies Initiates Steel Dynamics At Buy, $20 PT
Friday, July 8, 2011 - 7:10am | 25Jefferies & Company has initiated coverage on Steel Dynamics (NASDAQ: STLD) with a Buy rating and $20 price target.
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Jefferies Raises PT On Reliance Steel & Aluminum To $69
Friday, July 8, 2011 - 7:04am | 28Jefferies & Company has raised the price target on Reliance Steel & Aluminum (NYSE: RS) from $66 to $69 and maintains its Buy rating.
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Jefferies Initiates Worthington Industries At Hold, $26 PT
Friday, July 8, 2011 - 6:59am | 25Jefferies & company has initiated coverage on Worthington Industries (NYSE: WOR) with a Hold rating and $26 price target.
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Jefferies Initiates Schnitzer Steel At Buy, $70 PT
Friday, July 8, 2011 - 6:58am | 25Jefferies & Company has initiated coverage on Schnitzer Steel (NASDAQ: SCHN) with a Buy rating and $70 price target.
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Jefferies Upgrades Olympic Steel To Buy, Raises PT To $34
Friday, July 8, 2011 - 6:57am | 28Jefferies & Company has upgraded Olympic Steel (NASDAQ: ZEUS) from Hold to Buy and has raised the price target from $32 to $34.
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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It Is Still The Most Important Chart
Wednesday, July 6, 2011 - 9:59am | 255This morning, the major stock market indexes are pulling back slightly. The pullback in the stock market indexes come as the U.S. Dollar Index begins the morning trading higher. Often, when the U.S. Dollar Index starts the day higher before the opening bell, it will fade throughout the trading...
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Options Brief: Mechel
Tuesday, July 5, 2011 - 2:06pm | 89Shares of Mechel (NYSE: MTL) are lower on the session by 4.34%, trading at $23.57. Overall call volume is now running at 2.55x the daily average, with 60% of all calls traded being purchases on the offer. 1,349 contracts have traded on the session so far. Mechel OAO is an integrated mining,...
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Market Update
Tuesday, July 5, 2011 - 9:36am | 182Shares of Immucor Inc (NASDAQ: BLUD) surged about 30.2% after the company agreed to be bought by TPG Capital in a deal worth $1.97 billion or $27 per share in cash. The price represents a 30% premium over BLUD's closing share price on July 1. The transaction is likely to close in the second half of...
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Bank of America Merrill Lynch Reinstates Cliffs Natural Resources at Buy
Tuesday, July 5, 2011 - 9:28am | 107Bank of America Merrill Lynch is out with its report today on Cliffs Natural Resources (NYSE: CLF), reinstating CLF at Buy. In a note to clients, Bank of America Merrill Lynch writes, "We reinstate coverage of iron ore-focused miner Cliffs Natural Resources with a Buy rating and a $118/share 12-...