AK Steel (NYSE:AKS): Upgrade to Overweight with $24 PT – Morgan Stanley

Morgan Stanley’s Metals & Mining team is out with positive Sector call noting that last week’s slew of positive copper data points and outperformance in bellwether stock, FCX, could be harbingers of a shift in sentiment for the space. They believe the recent ~15% correction provides more favorable risk-reward in steel (top picks AKS, X) [...]
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