Vetr: The United States Steel Corporation's Rally Is Nearing Its End
United States Steel Corporation (NYSE: X) shares are trading up just over 230 percent over the past six months entering Wednesday's open, and the Vetr community has upgraded the company from 1.5 to 2 stars. Surprisingly, the company has incredibly rallied after a poor end of February, in which they were downgraded by Cowen and Company and said to be in a large decline.
Vetr members have given United States Steel a Sell rating and a $21.70 price target. This price target is higher than the $18.28 price target from Wall Street analysts. The company opened Wednesday around $23.70.
Of all Vetr raters, 83.3 percent believe United States Steel shareholders should sell the stock.
For Vetr’s full analysis of United States Steel, go here.
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