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Olympic Steel, Inc. (ZEUS) [hlAlert]

Rating:
Hold ZEUS

Olympic Steel, Inc. (ZEUS) downgraded to Hold by KeyBanc Capital Mkts

Posted on: Wednesday,  Jan 13, 2010  8:25 AM ET by KeyBanc Capital Mkts

KeyBanc Capital Mkts rated Hold Olympic Steel, Inc. (NASDAQ: ZEUS) on 01/13/2010. Previously KeyBanc Capital Mkts rated Buy
Olympic Steel, Inc. (NASDAQ: ZEUS) on 07/31/2009., when the stock price was $24.91. Since then, Olympic Steel, Inc. has gained 26.50% of its value until KeyBanc Capital Mkts rated ZEUS Buy on 01/13/2010, when the price was $31.51. .

Olympic Steel, Inc. is a United States-based steel service center. The Company focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. It operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. The Company provides services and functions that form an integral component of its customer?s supply chain management and inventory levels. The Company?s processing services include service center processes of cutting-to-length, slitting, and shearing, blanking, tempering, plate burning, precision machining, welding, fabrication and painting of steel parts. The Company operates with 17 processing and distribution facilities in Connecticut, Georgia, Illinois, Iowa, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania and South Carolina.

KeyBanc Capital Mkts is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2010 8:25 AM Hold
None
24.07
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -18.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/11/2010 8:25 AM Buy
None
28.35 35.00
1/13/2010 8:25 AM Hold
None
31.51
7/31/2009 8:25 AM Buy
None
24.91 33.00
6/10/2009 8:25 AM Buy
None
24.27 25.00
10/10/2008 8:25 AM Hold
None
16.83 36.00
6/20/2008 8:25 AM Buy
None
73.24 85.00

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