BMO Upgrade RBC’s Alexander Jackson raised his Stelco Holdings Inc. target to $59 from $54 with an “outperform” rating, while BMO’s David Gagliano hiked his target to $60 from $50 with an “outperform” rating/ The average is $53.22.
“We maintain our view Stelco remains exceptionally inexpensive, with meaningful incremental earnings/FCF potential as higher spot prices continue to flow through results,” said Mr. Gagliano.