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Fly News Breaks for February 21, 2019
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Feb 21, 2019 | 07:15 EDT
Berenberg analyst Paretosh Misra upgraded U.S. Steel to Buy and raised its price target to $30 from $23 citing an increase in EBITDA estimates from higher pricing. Misra expects rising raw material costs, abating global demand concerns, favorable seasonality, and supportive price spreads will push a recovery in U.S. steel prices.