Cowen Downgrades US Steel (X) to Underperform
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Price: $38.42 -1.08%
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Cowen downgraded US Steel (NYSE: X) from Market Perform to Underperform with a price target of $20.00 (from $24.00).
Analyst Novid Rassouli comments "HRC prices are poised to move lower. U.S. Steel is heavily exposed to HRC spot market movements in addition to being vertically integrated, unable to benefit from a move lower in iron ore 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 $24.66 yesterday.
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