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GER - Goldman Sachs upgrades AK Steel Holding to Buy

It is reported that Goldman Sachs upgrades AK Steel Holding Corporation from 'Neutral' to 'Buy' with a USD 12 price target, saying the company will have more flexibility to adjust costs and benefit from lower iron ore prices than rival US Steel. Goldman Sachs said that AK Steel's electrical steel business could surprise to the upside and the earnings release could be a positive catalyst for the stock.

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