GLJ Research analyst Gordon Johnson double downgraded U.S. Steel to Sell from Buy with a price target of $13.85, down from $42.75. The analyst sees "problems on the horizon" coming out of the company’s Q4 results. The "China reopening" is disappointing, the U.S. macro backdrop will be disappointing through 2023, and U.S. Steel’s U.S. liquidity is waning, the analyst tells investors in a research note.
Published first on TheFly
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