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Mechel Steel Group Oao (MTL) [hlAlert]

Rating:
Underweight
MTL
up 118.00 %

Mechel Steel Group Oao (MTL) downgraded to Underweight with price target $1.40 by JP Morgan

Posted on: Tuesday,  Jan 21, 2014  8:25 AM ET by JP Morgan

JP Morgan rated Underweight Mechel Steel Group Oao (NYSE: MTL) on 01/21/2014, when the stock price was $2.18.
Since then, Mechel Steel Group Oao has lost 54.13% as of 01/08/2016's recent price of $1.00.
If you would have followed this JP Morgan's recommendation on MTL, you would have gained 118% of your investment in 717 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2014 8:25 AM Sell
None
2.18 1.40
as of 10/17/2014
1 Week down  -18.57 %
1 Month up  48.12 %
3 Months up  56.31 %
1 YTD up  61.92 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2012 8:25 AM Hold
None
6.65
3/12/2009 8:25 AM Hold
None
3.41

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