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Axiom Capital Sees More Downside in US Steel (X); PT Cut to $5

November 23, 2015 6:37 AM EST
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Price: $41.02 --0%

Rating Summary:
    8 Buy, 17 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Axiom Capital analyst Gordon Johnson cut his price target on Sell-rated US Steel (NYSE: X) to $5.00 following a push-out of the Department of Commerce's preliminary anti-dumping ruling in the outstanding hot rolled sheet trade case.

US government support is crucial to the company's long-term survival, the company acknowledged, however, near-term U.S support unlikely, the analyst said.

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 $8.70 yesterday.



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