Your email has been successfully added to our mailing list.

×
0 0 -0.00205549845837611 0 0.00308324768756417 0.00924974306269269 -0.00205549845837611 0.00102774922918806
Stock impact report

Sell U.S. Steel and AK Steel as prices to drop 17% through 2019, UBS says [Seeking Alpha]

AK STEEL HOLDINGS (AKS) 
Last ak steel holdings earnings: 2/20 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.aksteel.com/investor-relations
Company Research Source: Seeking Alpha
Sell U.S. Steel and AK Steel as prices to drop 17% through 2019, UBS saysU.S. Steel (X+4.3%) and AK Steel (AKS+3.2%) enjoy sharp upward moves ascommodity prices surge across the board today, but UBS analystscome out bearish, saying Pres. Trump's tariffs should do little to delay a 17% drop in U.S. steel prices through the end of 2019.The tariffs "resulted in lower imports and limited supply, creating volatility, but we expect the market to return to equilibrium," says UBS's Andreas Bokkenheuser, as he initiates coverage of X and AKS with Sell ratings and respective $30 and $3.25 price targets."We closely track China as a primary leading indicator of U.S. steel prices (by one month), and conclude that risk to prices and the domestic spread is to the downside," Bokkenheuser writes, also starting coverage of Steel Dynamics (STLD+3.1%) with a Neutral rating and $47 price target.The UBS view differs with a more optimistic outlooks from analysts at Cowen and Longbow, while Morgan Stanley to Show less Read more
Impact Snapshot
Event Time:
AKS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for AKS alerts
Opt-in for
AKS alerts

from News Quantified
Opt-in for
AKS alerts

from News Quantified