Shares of Steel Companies Rebounding After Being Hit Past Few Days

Shares of steel producers are rebounding in early Wednesday trade after being hit hard the past few days after price target cuts at Goldman Sachs. Shares of U.S. Steel X are up 69 cents to $45.68, a gain of 1.5%. Goldman had cut its price target to $45 from $51, citing weak demand. Shares of Nucor NUE are up 26 cents or 0.7% today. Goldman had cut its price target to $40 from $45 for the same reason. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.