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Fly News Breaks for April 30, 2018
X
Apr 30, 2018 | 08:06 EDT
Longbow analyst Chris Olin lowered his price target on U.S. Steel to $49 from $63 due to using a more conservative multiple, though he noted that management expects much higher price realizations in the second half and he sees it being set up well for a strong performance in the back half of the year. Olin maintains a Buy rating on U.S. Steel shares.
News For X From the Last 2 Days
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.