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

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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, with a 52 week range of $17.67-$32.52.

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