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Fly News Breaks for April 28, 2017
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Apr 28, 2017 | 07:27 EDT
Macquarie analyst Aldo Mazzaferro downgraded U.S. Steel to Underperform from Neutral and lowered its price target to $18 from $30 on a reduced earnings outlook. The analyst expects the company to miss the earnings rebound from better market conditions due to the expanded and accelerated long-term asset revitalization program that will result in production outages, higher maintenance spending, and lost sales.
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