Zacks Investment Research upgraded shares of Outokumpu Oyj (NASDAQ:OUTKY) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $4.75 price target on the stock.

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 (OUTKY) opened at 4.48 on Wednesday. The company has a market cap of $3.69 billion and a P/E ratio of 6.42. The company has a 50-day moving average of $4.43 and a 200-day moving average of $4.60. Outokumpu Oyj has a 52 week low of $3.42 and a 52 week high of $5.43.

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