This morning, Bank of America downgraded shares of AK Steel (NYSE:AKS) from neutral to underperform as rising pension costs could force the company to raise funds in the near future. With the downgrade, Bank of America set a price target of $9 per share.
In morning trading, shares of AK Steel were lower by 1.8%.
And Goldman Sachs downgraded shares of CenturyLink (NYSE:CTL) from buy to neutral as dividend growth at the company appears to have slowed. With the downgrade, Goldman set a price target of $38 per share.
CTL shares were lower on the news, off 1.4% so far.
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