Schnitzer Steel was downgraded by equities research analysts at Bank of America Merrill Lynch from a buy rating to a neutral rating in a research note issued to investors recently.

Separately, analysts at Jefferies cut their price target on shares of Schnitzer Steel to USD 60 in a research note to investors on October 21st 2011. Also, analysts at Canaccord Genuity cut their price target on shares of Schnitzer Steel from USD 80 to USD 60 in a research note to investors on October 13th 2011. They now have a buy rating on the stock.