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Fly News Breaks for September 2, 2015
ATI, X
Sep 2, 2015 | 08:34 EDT
JPMorgan analyst Michael Gambardella added Overweight-rated U.S. Steel (X) to the firm's Analyst Focus List and removed Underweight-rated Allegheny Technologies (ATI). The pending steel trade cases could serve as positive catalysts and more than offset the headwind of a strong U.S. dollar, Gambardella tells investors in a research note. He removed Allegheny as a short feeling most of the downside risk has played out. The analyst has a $28 price target for U.S. Steel and $17.50 target for Allegheny.
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