By: Benzinga
UPDATE: Bank of America Upgrades Schnitzer Steel to Neutral on Limited Downside
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
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