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Fly News Breaks for August 15, 2016
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Aug 15, 2016 | 07:26 EDT
JPMorgan analyst Michael Gambardella says U.S. Steel remains his top pick in the Metals & Mining space. Steel supply cuts are "significant and structural - not temporary," Gambardella tells investors in a research note. He believes market sentiment remains negative and points out that short interest in U.S. Steel remains "very high" at 31% as of July. The analyst keeps an Overweight rating on the shares with a $37 price target.
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