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Mechel Steel Group Oao (MTL) [hlAlert]

Rating:
Underweight
MTL
up 198.00 %

Mechel Steel Group Oao (MTL) downgraded to Underweight with price target $2.20 by HSBC Securities

Posted on: Wednesday,  Jul 17, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Mechel Steel Group Oao (NYSE: MTL) on 07/17/2013, when the stock price was $2.98.
Since then, Mechel Steel Group Oao has lost 66.44% as of 01/08/2016's recent price of $1.00.
If you would have followed this HSBC Securities's recommendation on MTL, you would have gained 198% of your investment in 905 days.

Mechel Steel Group is a Russian metals and mining company, uniting producers of steel, rolled products, hardware, coal, iron ore concentrate, and nickel. Mechel Steel Group products are marketed domestically and internationally.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2013 8:25 AM Sell
None
2.98 2.20
as of 12/13/2013
1 Week down  -3.70 %
1 Month down  -1.81 %
3 Months up  38.79 %
1 YTD up  24.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2012 8:25 AM Hold
None
6.75 7.60
8/23/2012 8:25 AM Buy
None
6.40 10.60

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