Stifel Maintains Buy Rating for Algoma Steel Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for Algoma Steel Gr (NASDAQ:ASTL) but lowered its price target from $16.00 to $14.25. Shares of ASTL are trading down 1.58% over the last 24 hours, at $6.85 per share.

June 23, 2023 | 5:02 pm
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Stifel maintains Buy rating for Algoma Steel Gr (ASTL) and lowers price target from $16.00 to $14.25. Shares are trading down 1.58% at $6.85.
Stifel's decision to maintain its Buy rating for Algoma Steel Gr indicates that the company still has potential for growth, despite the lowered price target. The lowered price target may cause some short-term uncertainty, but the Buy rating suggests that the stock is still expected to perform well in the long run. The 1.58% decrease in share price over the last 24 hours may be a temporary reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100