Voestalpine Ag (NASDAQ:VLPNY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Saturday. The firm currently has a $12.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 19.64% from the company’s current price.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

Shares of Voestalpine Ag (VLPNY) opened at 10.03 on Friday. Voestalpine Ag has a 52-week low of $6.52 and a 52-week high of $10.23. The company has a 50-day moving average of $9.70 and a 200 day moving average of $8.77. The company has a market capitalization of $9.05 billion and a PE ratio of 12.28.

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