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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:03 EDTXU.S. Steel upgraded to Outperform from Underperform at Credit Suisse
Credit Suisse upgraded U.S. Steel two notches to Outperform from Underperform. The firm believes U.S. Steel is on the cusp of a multi-billion dollar earnings opportunity driven by raw material cost advantages and a supportive macro environment. The analyst said the company ability to produce Direct Reduced Iron using vertically integrated iron ore allowing it to produce low cost steel and the macro environment of demand strength, trade cases and consolidation should allow for better supply side rationalization and pricing. Price target raised to $50 from $25.
News For X From The Last 14 Days
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March 3, 2015
10:01 EDTXOn The Fly: Analyst Downgrade Summary
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06:20 EDTXU.S. Steel downgraded to Neutral from Buy at Nomura
Nomura believes U.S dollar strength and cost curve deflation driven by lower raw material prices and freight rates will continue to alter the global steel landscape. The firm expects continued export pressure by Russia and China into the global market to be highly disruptive, and when combined with further U.S. dollar strength, to pressure the U.S. steel sector. As a result, Nomura downgraded U.S. Steel (X) to Neutral and lowered its price target to $21 from $37.
March 2, 2015
09:23 EDTXBofA/Merrill U.S. metals/mining analysts hold analyst/industry conference call
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