AK Steel (AKS) Guides Q4 EPS Above Expectations

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AK Steel (AKS) FCF Thesis Intact, Nomura Says

December 18, 2014 10:04 AM EST

Nomura Securities analyst Curt Woodworth reiterated a Buy rating and $10 price target on AK Steel (NYSE: AKS) amid strong Q4 guidance, saying the FCF thesis is intact.

Woodworth commented, "AKS announced 4Q-14 EPS guidance of $0.05 to $0.10, in line with Nomura estimate of $0.09 but... More