United States Steel Corporation Reports Improved 2016 Second Quarter Results And Stronger Cash And Liquidity Position
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Rosenblatt Raises Price Target on U.S. Steel (X) to $35; Reiterates Buy
July 28, 2016 9:40 AM EDTRosenblatt reiterated a Buy rating on US Steel (NYSE: X), and raised the price target to $35.00 (from $25.00), following the company's 2Q earnings report.
Analyst Chris Olin commented, "U.S. Steel (X) reported a 2Q earnings loss of $0.36 per share (adjusted), which came in above Street... More
BofA/Merrill Lynch Downgrades US Steel (X) to Underperform
July 28, 2016 6:50 AM EDTBofA/Merrill Lynch downgraded US Steel (NYSE: X) from Neutral to Underperform with a price target of $21.00.
For an analyst ratings summary and ratings history on US Steel click here. For more ratings news on US Steel click here.
Shares of US Steel closed at $25.49 yesterday.
... MoreU.S. Steel (X) Tops Q2 EPS by 18c, Offers Outlook
July 26, 2016 4:57 PM EDTU.S. Steel (NYSE: X) reported Q2 EPS of ($0.31), $0.18 better than the analyst estimate of ($0.49). Revenue for the quarter came in at $2.58 million versus the consensus estimate of $2.67 million.
GUIDANCE:
U.S. Steel sees FY2016 EPS of $0.34, may not compare the consensus of ($1.83).
2016 Outlook
Commenting on U. S. Steel's outlook for 2016, Longhi said, "The significant improvements we have made to our earnings power through our Carnegie Way transformation will become more apparent as market prices recover... More
