Information Provided By:
Fly News Breaks for August 19, 2016
X
Aug 19, 2016 | 06:09 EDT
KeyBanc analyst Philip Gibbs downgraded U.S. Steel to Underweight and other names in the Steel space saying he's incrementally cautious on U.S. carbon sheet market outlook due to slowing demand and Q4 supply risks. The analyst believes 2017 will represent peak U.S. carbon sheet cyclical demand. Gibbs has an $18 price target for the shares.