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Ak Steel Holding Corporation (AKS) [hlAlert]

Rating:
Sell AKS
up 71.91 %

Ak Steel Holding Corporation (AKS) downgraded to Sell by Citigroup

Posted on: Monday,  Sep 24, 2012  8:25 AM ET by Citigroup

Citigroup rated Sell Ak Steel Holding Corporation (NYSE: AKS) on 09/24/2012, when the stock price was $5.02. Since
then, Ak Steel Holding Corporation has lost 41.83% as of 10/05/2015's recent price of $2.92.
If you would have followed this Citigroup's recommendation on AKS, you would have gained 71.91% of your investment in 1106 days.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2012 8:25 AM Sell
None
5.02
as of 12/31/2012
1 Week down  -4.07 %
1 Month down  -14.71 %
3 Months up  4.16 %
1 YTD up  8.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/4/2009 8:25 AM Hold
None
20.57 21.00
10/28/2009 8:25 AM Buy
None
17.21 21.00
1/15/2009 8:25 AM Hold
None
9.35 12.00

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