U.S. Steel (X) option implied volatility amid M&A headlines

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Go back to U.S. Steel (X) option implied volatility amid M&A headlines

Citi on Report Stelco Mulling bid for US Steel (X): 'This would make sense...CLF has room to raise its bid but is unlikely to bid against itself '

September 22, 2023 7:44 AM EDT

Citi analyst Alexander Hacking reiterated a Neutral rating and $30.00 price target on US Steel (NYSE: X).

The analyst comments "Bloomberg reported (9/21/23) that Stelco is weighing a bid for US Steel. We had assumed that Stelco was too small for such a move given their market cap is... More