Outokumpu Oyj (NASDAQ:OUTKY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $4.75 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 6.03% from the stock’s current price.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Outokumpu Oyj (NASDAQ:OUTKY) opened at 4.48 on Wednesday. The stock has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.60. The stock has a market capitalization of $3.69 billion and a P/E ratio of 6.45. Outokumpu Oyj has a 12 month low of $2.98 and a 12 month high of $5.43.

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