Zacks Investment Research upgraded shares of Thyssenkrupp Ag Spon (NASDAQ:TKAMY) from a hold rating to a buy rating in a report released on Wednesday morning. Zacks Investment Research currently has $34.00 target price on the stock.

According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

Thyssenkrupp Ag Spon (NASDAQ:TKAMY) opened at 29.82 on Wednesday. Thyssenkrupp Ag Spon has a 1-year low of $21.55 and a 1-year high of $32.01. The stock’s market cap is $16.88 billion.

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