Credit Suisse Upgrades US Steel (X) to Outperform, Sees Stars Aligning for U.S. Steel Sector

January 2, 2013 7:11 AM EST Send to a Friend
Get Alerts X Hot Sheet
Price: $26.19 -8.39%

Rating Summary:
    10 Buy, 10 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
Trade X Now!
Join SI Premium – FREE
Credit Suisse upgraded US Steel (NYSE: X) from Neutral to Outperform.

The firm said the U.S. steel sector is poised to rebound on the resolution of the fiscal cliff, attractive fundamentals and upside risk to China. They said recent checks support improving U.S. demand, disciplined supply and low inventories, which support higher steel 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 $23.03 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot Upgrades, Upgrades

Related Entities

Credit Suisse

Add Your Comment