Information Provided By: 
Fly News Breaks for February 28, 2017
X
Feb 28, 2017 | 07:51 EDT
As previously reported, Cowen analyst Novid Rassouli upgraded U.S. Steel to Outperform from Market Perform. The analyst believes the company will be the primary beneficiary of the increasing steel intensity. Rassouli noted that the downturn in oil prices has masked the roughly 40% increase in monthly steel usage over the last six years but with the normalization of inventory and increase in self-help initiatives, the company has upside potential. Rassouli raised his price target to $60 from $36 on U.S. Steel shares.
News For X From the Last 2 Days
