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AK Steel (AKS +2.2%) shares are on the move despite negative comments from Jefferies, which...
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Monday, November 19, 2012, 3:12 PM ETAK Steel (AKS +2.2%) shares are on the move despite negative comments from Jefferies, which lowers its AKS price target to $3.50 from $5. Though bankruptcy risk was reduced by its capital raise, AKS remains a shaky investment thanks to continued cost disadvantages relative to peers, challenging conditions in its markets, and risks associated with its greenfield projects.
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