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DA Davidson upgrades a couple steel names today, citing optimism for a seasonal upturn in scrap...

DA Davidson upgrades a couple steel names today, citing optimism for a seasonal upturn in scrap prices. It upgrades Schnitzer Steel (SCHN -2%) and Sims Metal (SMS -0.2%) both to Buy (I , II). SCHN also reported a solid FQ4 yesterday, which Davidson says should provide added momentum over the near term
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