Deutsche Bank Maintains a 'Buy' on US Steel (X); Beneficiary of Weak U.S. Dollar

Deutsche Bank maintains a 'Buy' on US Steel (NYSE: X) price target of $40.00.

Deutsche analyst says, "U.S. Steel is a leading global integrated producer of flat-rolled steel (#2 in North America) and the largest producer of tubular products in North America. It has annual crude steelmaking capacity of 32m tpy in the U.S., Canada and Central Europe. We see U.S. Steel as a leading beneficiary in our coverage of a weak USD and stubbornly high steelmaking raw material costs over the long term via its integrated business model."

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 $27.43 yesterday.

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