RBC Capital lowered the firm’s price target on Algoma Steel (ASTL) to C$8 from C$10 and keeps a Sector Perform rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTL:
- Algoma Steel Reports Q2 Loss Amid Tariff Challenges and Green Steel Transition
- Algoma Steel reports Q2 EPS ($1.02), consensus (55c)
- Algoma Steel options imply 8.9% move in share price post-earnings
- Algoma Steel Faces Challenges Amid U.S. Tariff Dispute
- Algoma Steel considering alternatives to bolster liquidity amid trade impasse