Market Overview

UPDATE: Morgan Stanley Upgrades United States Steel on Improving Market Conditions, Cost Improvement Initiative

Share:
Related X
'We Would Be Adding To Short Positions In US Steel, Cliffs,' Axiom's Johnson Says
US Steel Gets Price Target $1 Off Street High At Citi
Box Is Worth Speculating On - Cramer's Lightning Round (8/23/16) (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Evan L. Kurtz upgraded the rating on United States Steel Corporation (NYSE: X) from Equal-Weight to Overweight, and raised the price target from $32.00 to $35.00.

In the report, Morgan Stanley noted, “In light of improving steel market conditions as well as the ongoing ‘Project Carnegie' cost improvement initiative, we are upgrading US Steel to Overweight from Equal-weight and raising our price target to $35/share from $32/share.”

United States Steel Corporation closed on Tuesday at $27.62.

Latest Ratings for X

DateFirmActionFromTo
Aug 2016KeyBancDowngradesSector WeightUnderweight
Aug 2016JefferiesUpgradesUnderperformHold
Jul 2016JefferiesMaintainsUnderperform

View More Analyst Ratings for X
View the Latest Analyst Ratings

Posted-In: Evan L. Kurtz Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (X)

View Comments and Join the Discussion!