UPDATE: Bank of America Upgrades Schnitzer Steel to Neutral on Limited Downside
Posted on November 27, 2012 at 14:19 PM EST
Bank of America raised its rating on Schnitzer Steel (NASDAQ: SCHN ) from Underperform to Neutral and reiterated its previous price objective of $28. Bank of America commented, "We upgrading SCHN to Neutral after Tuesday's FQ1E (Nov end) guidance was worse than expected, as we now see more limited