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Rating: ZEUS
Buy

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

Monday,  Jun 6, 2011  1:25 PM ET by Dave Ficere

Davenport upgraded Olympic Steel, Inc. (NASDAQ: ZEUS) to Buy.
Previously Davenport rated Neutral Olympic Steel, Inc. (NASDAQ: ZEUS) on 06/02/2008, when the stock price was $62.39.

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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.



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