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Fly News Breaks for December 10, 2018
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Dec 10, 2018 | 06:03 EDT
UBS analyst Andreas Bokkenheuser upgraded U.S. Steel to Neutral while lowering his price target for the shares to $22 from $28. The analyst remains cautious on the sector, as he expect steel prices to trade down to $660/st from $760/st spot. However, he cites valuation for his upgrade of U.S. Steel to Neutral with the stock down 45% since the Q1 peak. He sees limited downside from here, unless Section 232 steel import tariffs are repealed.
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