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


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.

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