AK Steel Holding (NYSE:AKS) has the price target and earnings per share of the company lowered by Goldman Sachs (NYSE:GS), although Goldman did maintain their "Buy" rating on the stock of the steel company.
Earnings per share estimates for the third quarter were dropped to $0.13 from $0.20, and for the fourth quarter from $0.18 to $0.25.
Lower volume and expected higher costs were the reasoning behind the changes.
AK Steel recently lowered its own guidance going forward.
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