U.S. Steel price target raised to $33 from $25 at BMO Capital

BMO Capital analyst David Gagliano raised the firm’s price target on U.S. Steel to $33 from $25 after its Q4 earnings beat but keeps a Market Perform rating on the shares. The company’s Q1 outlook implies sequential decline, but results should improve beyond that, the analyst tells investors in a research note. The firm adds that the timing of the underlying pricing cycle suggests that there will be a better opportunity to buy into the "strategic improvement" expected for U.S. Steel.