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Fly News Breaks for July 30, 2015
AKS, X
Jul 30, 2015 | 07:51 EDT
JPMorgan analyst Michael Gambardella upgraded U.S. Steel (X) to Overweight saying fundamentals for domestic integrated steel makers have recently bottomed. Steel prices have likely bottomed and the company's Q2 results should represent a low for the current cycle, Gambardella believes. He raised his price target for shares to $28 from $26. Gambardella also upgraded AK Steel (AKS) this morning citing a similar rationale.
News For X;AKS From the Last 2 Days
X
Apr 23, 2024 | 09:36 EDT
X
Apr 23, 2024 | 08:47 EDT
X
Apr 23, 2024 | 08:43 EDT
Says will continue to buy back stock "hand over fist." Says Cleveland-Cliffs (CLF) "the only U.S. solution" for U.S. Steel (X). Says will have to "re-assess value" of U.S. Steel. Says targeting net debt to EBITDA of 2.5x. Says balance sheet in "great shape, near record liquidity." Sees CapEx ~$1B/year from 2025-2028. Comments taken from Q1 earnings conference call.
