BofA/Merrill Lynch Downgrades US Steel (X) to Underperform
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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
Argus Upgrades US Steel (X) to Buy
July 28, 2016 8:50 AM EDTArgus upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $30.00.
The analyst expect U.S. Steel to benefit from margin improvement, new tariffs on imported steel, and a stable to falling dollar, and to return to profitability... More
U.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
