BMO Capital analyst Katja Jancic lowered the firm’s price target on U.S. Steel to $27 from $30 and keeps a Market Perform rating on the shares after its Q1 results. U.S. Steel continues on its transformation path from a pure play integrated producer to a hybrid integrated/mini-mill producer with improved finishing capabilities, but the firm’s price target cut reflects the broader peer group multiple compression, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on X: