JPMorgan analyst Bill Peterson resumed coverage of U.S. Steel with a Neutral rating and $52 price target, up from $26, following a period of restriction. The analyst sees an 80% probably Nippon Steel Corporation’s $55 per share bid for US Steel will go through despite recent political rhetoric. Should the deal not go through, there is downside risk in shares closer to $41, the analyst tells investors in a research note.
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