Posted by admin on Jul 9th, 2022
Outokumpu Oyj (OTCMKTS:OUTFF – Get Rating) had its price target decreased by analysts at Morgan Stanley from €6.30 ($6.56) to €5.90 ($6.15) in a report released on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock.
Separately, Credit Suisse Group raised shares of Outokumpu Oyj to a “buy” rating and set a $6.90 price target on the stock in a research report on Monday, June 6th.
OTCMKTS OUTFF opened at $5.55 on Thursday. The company’s 50 day moving average is $5.56 and its 200-day moving average is $5.73. Outokumpu Oyj has a 12-month low of $5.00 and a 12-month high of $6.84.
About Outokumpu Oyj (Get Rating)
Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.
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