Dahlman Rose Has $61 Target On U.S. Steel (X)

Dahlman Rose & Co. is out with its weekly report on the metals and mining sector, and it is mostly positive. It has a Buy rating and a $61 price target on U.S. Steel X. In a note to clients, Dahlman Rose & Co. writes, "Last week we highlighted how a dollar rally might place pressure on base metal prices. Another potential source of pressure that resurfaced last week is concern over the Chinese economy brought about by tightening measures. Similar to our stance on tightening measures made earlier in the year, we believe that the Chinese government is taking the right steps in preventing the economy from overheating and that while the Chinese economy may decelerate, growth and metal and mineral demand in the country should remain strong." Shares of X are up 5 cents to $42.33 today.