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News Breaks | | | | January 2, 2013 | | 06:33 EDT |  | X | U.S. Steel upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse believes U.S. Steel's earnings are at a trough and that the company will benefit from improving auto sales, a potential recovery in Tubular results, and the Fiscal Cliff resolution. Price target raised to $30 from $20. | |
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News For X From The Last 14 Days Check below for free stories on X the last two weeks. |
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| May 24, 2013 | | 09:35 EDT |  | X | Steel price increase unlikely to stick, says Credit Suisse
After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall. | |
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