Goldman Sachs downgraded Sims Ltd. (SMSMY) to Sell from Neutral with a A$12 price target The firm cites valuation and its view that U.S. domestic scrap volumes will likely to continue to be impacted by low steel mill utilization rates for the downgrade.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMSMY: