U.S. Steel Trending Higher Amid Upbeat Guidance

Following last week's solid earnings report and upbeat guidance, shares of U.S. Steel X are trading higher on several analyst upgrades.

Deutsche Bank upgraded the stock from Hold to Buy and raised the price target from $28.00 to $40.00

U.S. Steel was upgraded last Thursday by two other firms

JP Morgan increased its price target to $33.00 with a Neutral rating, citing cost cutting.

Jefferies increased its price target from $31.00 to $35.00 with a Hold rating, citing lower costs and stable pricing.

Shares are 1.8 percent higher in pre-market trading. This follows a nearly 11 percent move higher post-earnings on July 31.