Stifel Maintains Buy on Algoma Steel Gr, Lowers Price Target to $14.25
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Ian Gillies maintains a Buy rating on Algoma Steel Gr (NASDAQ:ASTL) but lowers the price target from $16 to $14.25.

June 23, 2023 | 2:46 pm
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NEUTRAL IMPACT
Stifel analyst Ian Gillies maintains a Buy rating on Algoma Steel Gr (NASDAQ:ASTL) but lowers the price target from $16 to $14.25.
The news of Stifel maintaining a Buy rating on Algoma Steel Gr is positive for the stock, but the lowering of the price target from $16 to $14.25 may create some uncertainty among investors. This mixed sentiment could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100