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U.S. Steel

$24.36

0.305 (1.27%)

10:21
09/26/17
09/26
10:21
09/26/17
10:21

U.S. Steel spokesperson tells Bloomberg company has not sold Slovak unit

Bloomberg cites U.S. Steel spokesperson Meghan Cox, who said the company has not sold U.S. Steel Kosice, the company's Slovak unit.

X U.S. Steel
$24.36

0.305 (1.27%)

09/22/17
09/22/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Versartis (VSAR) was downgraded to Hold from Buy at SunTrust, to Underweight from Overweight at Barclays, to Neutral from Overweight at Piper Jaffray, and to Market Perform from Outperform at Cowen. 2. Tiffany (TIF) downgraded to Neutral from Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying the company's high-end categories, including engagement, wedding and solitaire jewelry, decelerated in the last two quarters. 3. Airbus (EADSY) downgraded to Hold from Buy at Jefferies with analyst Sandy Morris saying the company's EBIT in fiscal 2018 and fiscal 2019 could track significantly below consensus expectations. 4. Alcoa (AA) downgraded to Hold from Buy at Berenberg with analyst Yuriy Vlasov saying Alcoa shares are up 43% over the past six months and recommends taking profits. 5. U.S. Steel (X) was downgraded to Underperform from Market Perform while ArcelorMittal (MT) was downgraded to Market Perform from Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/17
COWN
09/22/17
DOWNGRADE
Target $20
COWN
Underperform
U.S. Steel downgraded to Underperform from Market Perform at Cowen
Cowen analyst Novid Rassouli downgraded U.S. Steel to Underperform and cut its price target to $20 from $24 based on expectations iron ore and U.S. HRC prices are heading lower. The analyst sees downside risk to U.S. Steel shares and earnings risk, especially in the U.S. Flat-rolled segment, given expectations for both iron ore and finished steel prices to move lower.
09/12/17
09/12/17
DOWNGRADE

Equal Weight
Nucor, Steel Dynamics downgraded on margin concerns at Morgan Stanley
As previously reported, Morgan Stanley analyst Piyush Sood downgraded Nucor (NUE) and Steel Dynamics (STLD), each to Equal Weight from Overweight, contending that the crosscurrents of higher U.S. steel and scrap pricing and weaker non-residential and auto demand are a drag on these "mini mills" and peer Commercial Metals (CMC). However, the net impact of the pricing and demand factors is beneficial to U.S. Steel (X), added Sood, who keeps an Overweight rating on that stock.
09/06/17
MACQ
09/06/17
INITIATION
MACQ
Outperform
U.S. Steel initiated with an Outperform at Macquarie
Macquarie analyst David Lipschitz initiated U.S. Steel with an Outperform and a $31 price target. The analyst said steel prices have recovered from the bottom due to low inventories and trade tariffs, giving steel companies breathing room on margins. Lipschitz expects near-term steel prices to decline modestly due to the delay of Section 232 investigation and an uncertain demand outlook, but believes hot roll coil price will normalize around $600/st beyond 2017 and will not test the lows of the previous cycle given supportive inventories and lead times. He said U.S. steel is better positioned in a steady demand growth environment and expects earnings to be resilient due to an improved cost structure and the asset revitalization program.

TODAY'S FREE FLY STORIES

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BA

Boeing

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BAC

Bank of America

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ATHN

athenahealth

$126.04

9.63 (8.27%)

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TATYY

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RIO

Rio Tinto

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0.24 (0.50%)

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MELI

MercadoLibre

$235.73

-0.27 (-0.11%)

05:02
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BIIB

Biogen

$338.10

-4.32 (-1.26%)

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CELG

Celgene

$121.33

-14.63 (-10.76%)

04:56
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Downgrade
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ASOMY

ASOS

$74.28

1.5 (2.06%)

04:55
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Conference/Events
ASOS management to meet with JPMorgan »

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PAY

Verifone

$20.06

0.06 (0.30%)

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PLUG

Plug Power

$2.70

0.17 (6.72%)

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Conference/Events
Plug Power to host special shareholder meeting »

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DDAIF

Daimler AG

$80.57

-1.11 (-1.36%)

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Conference/Events
Daimler AG management to meet with JPMorgan »

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IVC

Invacare

$14.60

0.05 (0.34%)

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ALXN

Alexion

$139.02

-1.44 (-1.03%)

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BIVV

Bioverativ

$60.22

0.49 (0.82%)

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TSRO

Tesaro

$116.40

0.89 (0.77%)

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AMAG

Amag Pharmaceuticals

$15.60

-0.45 (-2.80%)

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