Market Overview

UPDATE: Jefferies Lowers PT on United States Steel Corporation on Reduced 2013 Steel Estimates

Related X
Analyst Warning: U.S. Steel Will Cut Full Year EBITDA Guidance
Cramer Gives His Opinion On U.S. Steel Corporation And Murphy Oil
The Sell-Off Continues; Preparing For The Election - Bezek's Daily Briefing (Seeking Alpha)

In a report published Tuesday, Jefferies analyst Luke Folta reiterated a Hold rating on United States Steel Corporation (NYSE: X), but lowered the price target from $24.00 to $18.00.

In the report, Folta noted, “We have reduced EPS estimates for the majority of our steel coverage based on underwhelming pricing/demand trends that suggest 2Q13 results will not differ materially from 4Q12-1Q13. Most defensive with the highest est. cycle earnings growth prospects among peers, we reiterate NUE as our top steel pick and expect continued underperformance for high beta/risk names within the group (AKS, X).”

United States Steel Corporation closed on Monday at $16.63.

Latest Ratings for X

Apr 2016MacquarieDowngradesNeutralUnderperform
Apr 2016RosenblattUpgradesNeutralBuy
Apr 2016BarclaysMaintainsEqual-weight

View More Analyst Ratings for X
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (X)

View Comments and Join the Discussion!