Goldman Sachs raises its rating on AK Steel (AKS) to Neutral from Sell as it downgrades...
Tuesday, November 20, 2012, 8:24 AM ETGoldman Sachs raises its rating on AK Steel (AKS) to Neutral from Sell as it downgrades rival steel producer Cliffs Natural Resources to Sell. The firm believes AKS's balance sheet concerns have diminished with last week's capital raise and sees no further company-specific negative catalysts on the horizon. Shares have shed 34% in the past week. AKS +2.2% premarket.
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