Market Overview

Axiom's Gordon Johnson Says US Steel Corp Will Not Reduce Costs Enough To Buffer Downward Cyclical Forces; China Devaluation Is Nail in the Coffin For Steel Demand

Related X
ICYMI: MiMedx, Walmart Earnings, Strength In Steels, Bull Calls On PagSeguro
Analysts Break Down The Sec. 232 Steel Investigation
Stocks Mixed, But This Foreign ETF Is Leading In 2018 (Investor's Business Daily)

Johnson initiates US Steel at Sell with a PT of $11.00. He notes US Steel Tubular shipments carry an 89% R-squared with US Oil Rigs from Q1 2002 to Q2 2015. This drives forecasts for EBIT lower under the headwinds of ever declines oil prices.

Latest Ratings for X

Feb 2018Morgan StanleyMaintainsOverweightOverweight
Jan 2018Credit SuisseMaintainsOutperformOutperform
Jan 2018Vertical GroupInitiates Coverage OnSell

View More Analyst Ratings for X
View the Latest Analyst Ratings

Posted-In: Price Target Initiation Analyst Ratings


Related Articles (X)

View Comments and Join the Discussion!