SALZGITTER AG/ADR (SZGPY) Upgraded to “Neutral” at Macquarie

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SALZGITTER AG/ADR (OTCMKTS:SZGPY) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently commented on the stock. UBS Group raised shares of SALZGITTER AG/ADR from a “sell” rating to a “neutral” rating in a research report on Monday. Zacks Investment Research raised shares of SALZGITTER AG/ADR from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, October 17th.

Shares of SALZGITTER AG/ADR stock remained flat at $$3.61 during mid-day trading on Thursday. SALZGITTER AG/ADR has a 12 month low of $3.51 and a 12 month high of $6.17.

About SALZGITTER AG/ADR

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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