Algoma Steel Downgraded to Hold by Jefferies Due to Tariff Pressure
ByAinvest
Friday, Jan 2, 2026 4:05 pm ET1min read
ASTL--
Algoma Steel has been initiated with a Hold rating and C$6 price target by Jefferies due to tariff pressures outweighing the company's strategic transformation benefits. The Canadian steel producer's stock fell 3.8% in Friday's trading.
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