(Bloomberg) -- Panzhihua New Steel & Vanadium Co. had its shares downgraded to `underperform' by Credit Suisse Group after the world's third-biggest maker of vanadium steel reported lower-than-expected first-quarter profit.
Panzhihua's stock was reduced from `outperform,' Credit Suisse's analysts, led by Trina Chen, said in a note to clients today. Vanadium steel is used to make railway tracks.
Read more at Bloomberg Commodities News
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