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Fly News Breaks for May 10, 2017
X
May 10, 2017 | 06:22 EDT
Cowen analyst Novid Rassouli downgraded U.S. Steel to Market Perform and cut its price target to $21 form $60 citing lack of earnings visibility. The analyst sees risk to 2017 EBITDA guidance due to the multi-year revitalization program that could lead to disruptions int the flat rolled steel segment.
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.
