Amit Mehrotra of Deutsche Bank lowered his recommendation to “hold” from “buy” and set a price target of $10.00, which represents an $8.00 reduction.
In a client briefing the equity analyst pointed out that the revisions follow a recent trip to China where he met with several of the region’s leading steel manufacturers.
“Our 2015 growth assumption is now +3.9% (down from 5.6%),
