AK Steel: Upgrade to Overweight, Street High Estimates & Target – J.P. Morgan

J.P. Morgan’s North America Metals & Mining team is making a major call on AK Steel (NYSE:AKS) upgrading the steel maker to Overweight from Neutral with a $22 price target (prev. $18) While rising raw material cost pressures have been a well-documented concern for AK and will continue to be an issue this year, JPM [...]