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Fly News Breaks for June 15, 2016
X
Jun 15, 2016 | 08:23 EDT
As previously reported, BofA/Merrill upgraded U.S. Steel to Neutral from Underperform and raised its price target to $18 from $10. Analysts led by Timna Tanners raised its near-term steel price forecast and believes U.S. Steels's earnings outlook can be stable through 2017. The analyst said tight sheet markets support prices, potentially allowing for another round of increases and U.S. Steel's recent debt actions have removed near-term debt maturity risk.
News For X 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.
