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UPDATE: Morgan Stanley Upgrades United States Steel on Improving Market Conditions, Cost Improvement Initiative

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In a report published Wednesday, Morgan Stanley analyst Evan L. Kurtz upgraded the rating on United States Steel Corporation (NYSE: X) from Equal-Weight to Overweight, and raised the price target from $32.00 to $35.00.

In the report, Morgan Stanley noted, “In light of improving steel market conditions as well as the ongoing ‘Project Carnegie' cost improvement initiative, we are upgrading US Steel to Overweight from Equal-weight and raising our price target to $35/share from $32/share.”

United States Steel Corporation closed on Tuesday at $27.62.

Latest Ratings for X

DateFirmActionFromTo
Oct 2017Bank of AmericaMaintainsBuy
Sep 2017Cowen & Co.DowngradesMarket PerformUnderperform
Sep 2017CitigroupMaintainsSell

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Posted-In: Evan L. Kurtz Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

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