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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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May 29, 2015
09:30 EDTXCredit Suisse said 2H looking like a 'win-win' for US steel equities
Credit Suisse said 2H 2015 is looking like a "win-win" for U.S. steel equities. The firm assumes favorable outcomes in proposed congressional legislation redefining injury in anti-dumping trade cases, a trade case filing, and an end to market restock cycle. Credit Suisse continues to favor U.S. Steel (X) given its leverage to the trade case story and said the entire sector will benefit if 2H plays out as expected. Firm said Reliance Steel (RS), Worthington (WOR), and Olympic Steel (ZEUS) are leveraged to a drop in import volumes and raw materially suppliers Cliffs Natural (CLF), Arch Coal (ACI), and Alpha Natural (ANR) should benefit from production increases in domestic Blast Furnace given less import competition.

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