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X

U.S. Steel

$16.42

-0.03 (-0.18%)

12:34
10/16/16
10/16
12:34
10/16/16
12:34

U.S. Steel could gain 50% in a year, Barron's says

Shares of U.S. Steel could rise 50% in a year for "risk-tolerant" investors willing to take a gamble, Barron's contends in a feature article. Though the company will likely continue pushing for an even playing field against Chinese steel dumpers while renewing its supply contracts on better terms, steel prices remain volatile and U.S. Steel's costs remain high, Barron's explains. Additionally, the company relies on inflexible blast furnaces and is "too dependent" on commodity products, but a rebound could ignite a "virtuous cycle" whereby U.S. Steel reinvests in electric arc furnaces and shifts its product mix, the publication argues. Reference Link

  • 02

    Nov

X U.S. Steel
$16.42

-0.03 (-0.18%)

09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
FBCO
09/23/16
NO CHANGE
Target $29
FBCO
Outperform
Credit Suisse says U.S. Steel shares are 'very' undervalued
Credit Suisse analyst Curt Woodworth believes U.S. Steel shares are "very" undervalued and views the sharp pullback on the widely anticipated hot rolled sheet price correction as overdone. Woodworth sees significant upside potential into 2017 as conversion costs continue to fall, U.S. Steel realizes ASP increases in annual contracts, OCTG moves higher as excess inventory is worked down, and Europe benefits from higher prices in both spot and contract tons. The analyst rates U.S. Steel an Outperform with a $29 price target on shares.
09/26/16
JPMS
09/26/16
NO CHANGE
Target $37
JPMS
Overweight
U.S. Steel recent weakness brings buying opportunity, says JPMorgan
JPMorgan analyst Michael Gambardella believes the recent weakness in shares of U.S. Steel provides a buying opportunity. The majority of the supply cuts that caused steel prices and stocks to rally earlier this year remain in place, Gambardella tells investors in a research note. He reiterates an Overweight rating on U.S. Steel with a $37 price target.
10/13/16
MACQ
10/13/16
NO CHANGE
Target $13
MACQ
Underperform
U.S. Steel price target lowered to $13 from $20 at Macquarie
Macquarie analyst Aldo Mazzaferro said steel pricing in recent weeks has fallen to slightly less than $500 a ton in spot markets, but said the good news is there is less incentive for imports to lower US pricing. The analyst cut U.S. Steel's earnings expectations on the price weakness and continued disappointing steel volumes and now estimates EBITDA at $487M this year and $765M in 2018 and lowered his price target to $13 from $20. Mazzaferro rates U.S. Steel an Underperform.

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XLE

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XLY

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XLU

Utilities SPDR

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HKMPY

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SUP

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IWM

iShares Trust Russell 2000 Index Fund

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