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Rating: ZEUS
Buy

Olympic Steel, Inc. (NASDAQ: ZEUS) upgraded to Buy by Jefferies

Wednesday,  Jan 13, 2016  10:25 AM ET by Dave Ficere

Jefferies upgraded Olympic Steel, Inc. (NASDAQ: ZEUS) to Buy.
Previously Jefferies rated Hold Olympic Steel, Inc. (NASDAQ: ZEUS) on 12/04/2012, when the stock price was $19.51.

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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.



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