Goldman Sachs Says Sell US Steel (X) Ahead of Q4 Results

Goldman Sachs made negative comments on Sell-rated US Steel (NYSE: X), saying they would sell into the recent strength and ahead of Q4 results as they expect disappointing guidance for 1Q.

"If steel prices were to start slipping, we believe X would underperform the most due to its high leverage to steel prices," the firm commented.

Alternativly, Goldman said AK Steel (NYSE: AKS) Q1 could see upside due to lower iron cost in the quarter. They also like service centers over mills and see upside in Buy rated Reliance Stee (NYSE: RS) and Neutral rated Metals USA (Nasdaq: MUSA).

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 $28.56 yesterday.

---

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

---

You May Also Be Interested In

• Viking Holdings (VIK) PT Raised to $82 at Mizuho
• DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
• DA Davidson Starts Everus (ECG) at Buy