AK Steel (AKS +10.2%) soars after shares are upgraded to Buy with an $8 price target at Longbow...

|About: AK Steel Holding Corp (AKS)|By:, SA News Editor

AK Steel (AKS +10.2%) soars after shares are upgraded to Buy with an $8 price target at Longbow Research, which cites the pullback in prices for iron ore and metallurgical coal that should boost margins and the company's risk/reward profile. The firm notes AKS is reliant on the merchant market for nearly all of its primary raw materials.