AK Steel (AKS +2.2%) shares are on the move despite negative comments from Jefferies, which...

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

AK 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.