U.S. Steel (X) Q3 EPS Guidance Tops Consensus
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Morgan Stanley Reiterates Overweight Rating on US Steel (X)
September 19, 2024 10:41 AM EDTMorgan Stanley analyst Carlos De Alba reiterated an Overweight rating and $49.00 price target on US Steel (NYSE: X).
The analyst comments "We think X shares will outperform peers today as their guidance is in-line to higher-than-consensus vs. NUE/STLD's guidance coming below expectations. 3Q24 guidance in-line to better-than-expected. US Steel (X) expects 3Q24 Adj EBITDA of ~$300m, in-line with the company's previous guidance from 2Q24 earnings, but ahead of the Visible Alpha... More
