By: Benzinga
UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on AK Steel Holding Corporation
In a report published Monday, Jefferies & Company reiterated its Hold rating on AK Steel Holding Corporation (NYSE: AKS ), but lowered its price target from $5.00 to $3.50. Jefferies noted, “In exchange for >30% dilution to cycle earnings power, through its bond/stock offerings last week, AKS achieved roughly 6
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