US Steel's (X) Price Target Lowered to $8 at BofA/Merrill Lynch
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Price: $40.35 -1.15%
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 50
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 50
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BofA/Merrill Lynch maintained an Underperform rating on US Steel (NYSE: X) and lowered its price target to $8.00 (from $11.00). Analyst Timna Tanners thinks tubular weakness will persist through 2016 on bloated inventory and poor demand. The analyst is also cautious on annual contract prices.
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 $10.42 yesterday.
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