UPDATE: D.A. Davidson Lowers PT on Schnitzer Steel Industries Following Reduced Estimates
May 30, 2013 at 09:59 AM EDT
In a report published Thursday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating on Schnitzer Steel Industries (NASDAQ: SCHN ), but lowered the price target from $36.00 to $32.00. In the report, D.A. Davidson noted, “Difficult operating conditions prevail for the Metals Recycling Business (MRB). Unit margins are expected
