UPDATE: Bank of America Upgrades AK Steel on Better Pension Position into 2014E

In a report published Tuesday, Bank of America analyst Timna Tanners upgraded the rating on AK Steel (NYSE: AKS ) from Underperform to Neutral, and raised the price target from $4.00 to $6.00. In the report, Bank of America noted, “We upgrade AKS to Neutral after adjusting 2013E underfunded legacy