Fly News Breaks for June 15, 2017
X
Jun 15, 2017 | 07:20 EDT
Cowen analyst Novid Rassouli met with the new CEO of U.S. Steel and noted the company is focused on achieving asset stability over the next one to two years. However, he continues to see the risk of continued operational issues and thus maintains his cautious stance on the shares. Rassouli maintained his Market Perform rating and $21 price target on U.S. Steel.
News For X From the Last 2 Days
X
Apr 16, 2024 | 15:40 EDT
Metals & Mining Analyst Englert, along with Rye Druzin of Argus Media, discuss recent flat rolled steel pricing, supply and demand trends, and the near-term outlook for fundamentals (relevant companies ASTL CLF NUE STLC STLD X RS WS) on an Analyst/Industry conference call to be held on April 19 at 11 am.
X
Apr 15, 2024 | 17:06 EDT
Deutsche Bank downgraded ArcelorMittal (MT) to Hold from Buy with a price target of $31, down from $34. The stock has recovered after the cyclical crunch last year, supported by the removal of some overhang risks - including the Kazakhstan mill divestment post the severe accident and possible involvement in the U.S. Steel (X) bidding process - as well as the rebound in the cycle and intensified share buybacks, the analyst tells investors in a research note. The firm adds however that the demand rebound in many core markets remains soft, as Chinese data remains weak and continues to weigh on steel and iron ore markets.