UPDATE: Topeka Capital Markets Upgrades A.M. Castle to Buy on Operating Initiatives
December 10, 2012 at 09:23 AM EST
Topeka Capital Markets raised its rating on A.M. Castle (NYSE: CAS ) from Hold to Buy and increased its price target from $13 to $16. Topeka Capital Markets commented, "We recently hosted investor meetings with the management of CAS, including the new CEO Scott Dolan. While we understand initiatives