Zacks Investment Research downgraded shares of TIMKENSTEEL CP (TMST) from OUTPERFORM to NEUTRAL on September 30, 2014, with a target price of $53.20.
TimkenSteel Corporation engages in manufacturing alloy steel, as well as carbon and micro-alloy steel. The company provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its customers include companies in the market sectors: oil & gas automotive industrial equipment mining construction rail aerospace and defence heavy truck agriculture, and power generation. TimkenSteel Corporation is headquartered in Canton, Ohio.
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