Credit Suisse Remains Bullish On U.S. Steel
Analysts at Credit Suisse on Monday upgraded shares of U.S. Steel (NYSE: X) to Outperform from Underperform.
Analysts at Credit Suisse stated, "The company's raw material cost advantages as well as privileged steel price environment should position X as one of the most profitable steel makers in the world.”
The steel sector has been strong this year. Shares of U.S. Steel are up more than 50 percent from the lows in June.
Analysts at Compass Point maintained an Outperform rating.
Shares of U.S Steel were last trading at $39.10, up 3.4 percent in the pre-market session.
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