Jefferies Cuts Numbers on US Steel (X)

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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, with a 52 week range of $17.67-$47.33.

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