Jefferies Cuts Numbers on Olympic Steel (ZEUS)
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Price: $47.86 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
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Jefferies cuts estimates and its price target on Olympic Steel (NASDAQ: ZEUS) from $31 to $25, but maintained a Buy rating.
The firm cited deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes from $0.56 to $0.55 and FY12 EPS goes from $2.15 to $1.85.
For an analyst ratings summary and ratings history on Olympic Steel click here. For more ratings news on Olympic Steel click here.
Shares of Olympic Steel closed at $16.37 yesterday.
The firm cited deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes from $0.56 to $0.55 and FY12 EPS goes from $2.15 to $1.85.
For an analyst ratings summary and ratings history on Olympic Steel click here. For more ratings news on Olympic Steel click here.
Shares of Olympic Steel closed at $16.37 yesterday.
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