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Fly News Breaks for April 24, 2017
X
Apr 24, 2017 | 07:10 EDT
Macquarie analyst Aldo Mazzaferro upgraded U.S. Steel to Neutral and raised its price target to $30 from $24 based on stronger market demand driving volume growth and solid pricing, but views shares as fairly valued. Mazzaferro raised U.S. Steel's 2017/18/19 earnings estimates to $2.70/$3.80/$5.35 from $1.65/$2.70/$4.40.
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.
