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Fly News Breaks for January 31, 2020
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Jan 31, 2020 | 07:51 EDT
BMO Capital analyst David Gagliano lowered his price target on U.S. Steel to $10 and kept his Market Perform rating. The analyst notes that while the company beat on its Q4 earnings thanks to the late-quarter price gains evident among other steel producers, his cautious view reflects the "emerging weakness" in US sheet fundamentals and prices rather than "anything particular" about the reported quarter.
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