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Enter Symbol:
Ak Steel Holding Corporation (AKS) [hlAlert]

Neutral AKS

Ak Steel Holding Corporation (AKS) downgraded to Neutral with price target $5 by UBS

Posted on: Tuesday,  Jun 19, 2012  1:25 PM ET by UBS

UBS rated Neutral Ak Steel Holding Corporation (NYSE: AKS) on 06/19/2012. Previously UBS rated Buy Ak Steel
Holding Corporation (NYSE: AKS) on 08/11/2011., when the stock price was $8.65. Since then, Ak Steel Holding Corporation has lost 38.73% of its value until UBS rated AKS Sell on 06/19/2012, when the price was $5.30. .

AK Steel Holding Corporation (AK Holding) is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). The Company?s operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in slab, hot band, and sheet and strip form. The Company?s operations also include AK Tube LLC (AK Tube), which further finishes flat-rolled carbon and stainless steel at two tube plants located in Ohio and Indiana into welded steel tubing used in the automotive, large truck and construction markets. In addition, the Company?s operations include European trading companies that buy and sell steel and steel products and other materials.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2012 10:25 AM Sell
5.36 4.00
as of 12/31/2012
1 Week down  -4.07 %
1 Month down  -14.71 %
3 Months up  4.16 %
1 YTD down  -21.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/19/2012 1:25 PM Hold
5.30 5.00
8/11/2011 11:25 AM Buy
8.65 12.00
1/12/2011 10:25 AM Sell
15.04 13.00
10/27/2010 12:25 PM Hold
12.32 13.00
4/29/2010 1:25 PM Hold
16.94 18.00
10/30/2009 8:25 AM Hold
4/22/2009 8:25 AM Sell
10/6/2008 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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