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Ak Steel Holding Corporation (AKS) [hlAlert]

Neutral AKS

Ak Steel Holding Corporation (AKS) downgraded to Neutral by Longbow

Posted on: Friday,  Nov 14, 2008  9:25 AM ET by Longbow

Longbow rated Neutral Ak Steel Holding Corporation (NYSE: AKS) on 11/14/2008. Previously Longbow rated Buy Ak Steel
Holding Corporation (NYSE: AKS) on 10/22/2008., when the stock price was $13.03. Since then, Ak Steel Holding Corporation has lost 32.62% of its value until Longbow rated AKS Buy on 11/14/2008, when the price was $8.78. .

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.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/6/2012 9:25 AM Buy
5.13 8.00
as of 12/24/2008
1 Week up  2.67 %
1 Month up  52.80 %
3 Months up  35.49 %
1 YTD down  -11.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/30/2011 9:25 AM Hold
4/19/2010 11:25 AM Hold
11/23/2009 9:25 AM Buy
19.57 24.00
11/14/2008 9:25 AM Hold
10/22/2008 10:25 AM Buy
13.03 35.00
9/12/2008 9:25 AM Buy
37.37 50.00
8/4/2008 9:25 AM Hold
7/28/2008 10:25 AM Buy
49.91 60.00

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