Seeing Uncertainty, Vetr Drops U.S. Steel

The Vetr crowd downgraded their rating for United States Steel Corporation X on Wednesday from 3.5 stars (Hold) to 1 star (Strong Sell). Sentiment on the stock among Vetr users is overwhelming cautious with 92 percent of crowd ratings bearish.

The downgrade comes as U.S. Steel is near a two-year high of $32.89. Analyst faith in the stock is also up; earlier this month, Jefferies upgraded its rating of U.S. Steel from Hold to Buy and Morgan Stanley upgraded its rating from Equal-weight to Overweight.

However, the long-term outlook for steel is still up in the air and could depend on how the upcoming presidential administration’s domestic and trade policies affect manufacturing.

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The Vetr Crowd’s average target price is down at $25.70, which is above the average analyst target price of $21.81. Less than 2 percent of Vetr users are holding X in their watch lists.