Jefferies Cuts Numbers on US Steel (X)
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Price: $54.84 --0%
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies cut estimates and its price target on US Steel (NYSE: X) from $25 to $22 while maintaining a Hold rating.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes down from $0.60 to $0.50 and FY12 EPS goes down from $2.25 to $1.45.
For an analyst ratings summary and ratings history on US Steel click here. For more ratings news on US Steel click here.
Shares of US Steel closed at $19.02 yesterday.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes down from $0.60 to $0.50 and FY12 EPS goes down from $2.25 to $1.45.
For an analyst ratings summary and ratings history on US Steel click here. For more ratings news on US Steel click here.
Shares of US Steel closed at $19.02 yesterday.
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