AK Steel Holding Corporation(NYSE:AKS) shares soared 8.94% to $5.85 after Longbow Research upgraded shares of AK Steel Holding from a neutral rating to a buy rating in a research report sent to investors yesterday. The firm currently has $8.00 price target on the stock. As the Business Courier has reported, AK Steel’s stock has been sliding in recent weeks amid analyst downgrades and lower target prices from other research firms.
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Coffee Holding Co., Inc.(NASDAQ:JVA) stock surged 21.33% to $7.47 on an above average volume of 914k shares, which is 4x times its average daily traded volume. The 52 week trading range for the company is $4.88 - $21.18. The shares of the company plunged 61% in the last one year. The company is an integrated wholesale coffee roaster and dealer in the United States.
Quiksilver, Inc.(NYSE:ZQK) stock surged 20.92% to $3.70 after Investment analysts at Janney Montgomery Scott raised their target price on shares of Quiksilver from $3.00 to $3.50 in a note issued to investors today. The firm currently has a “neutral” rating on the stock. The company is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
Mechel OAO (ADR)(NYSE:MTL) shares climbed 15.84% to $7.02 in the early hour. Mechel stock was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors last week. The firm currently has a $6.00 price target on the stock. The company is an integrated mining, steel, ferroalloys and power company. The Company operates in four segments: mining, steel, ferroalloys and power.
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares jumped 14.35% to $10.29 after the company said it earned $0.28 per share on revenue of $136 million for the quarter ended July 31, beating market estimates of a profit of $0.18 per share.