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Fly News Breaks for February 21, 2018
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Feb 21, 2018 | 07:52 EDT
Argus analyst David Coleman raised his price target on U.S. Steel to $52 and kept his Buy rating, citing a Q4 earnings beat as well as the latest measures by the U.S. Commerce Department to place new tariffs and quotas on imported steel and aluminum. Longer term, Coleman keeps his Buy rating on the company based on its asset revitalization plan, which should improve operating efficiency and help to drive growth beyond the 2017 benefits of stronger pricing and continued cost reduction trends.
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