On Nov. 11 -they said this "Other metal companies with a favorable Zacks Rank are Companhia Siderurgica Nacional (SID), Shiloh Industries Inc. (SHLO) and Dynamic Materials Corp. (BOOM). All of these stocks carry a Zacks Rank #1 (Strong Buy).". On Nov. 12, they said this: "Other companies operating in steel and related industries worth considering are Companhia Siderurgica Nacional (SID) and Mueller Water Products, Inc. (MWA). Both hold a Zacks Rank #2 (Buy)."
I don't think they downgraded the stock - In my opinion, Zacks doesn't have any idea what they are saying.or what the company outlook is.
Agreed. Zack's appears to be all about marketing and banner ads. They put those companies and ticker symbols at the bottom each time to increase web visits instead of limiting it to the 1 company they give a recommendation on.