Morgan Stanley thinks U.S. Steel (X) shares will outperform peers today as the company’s guidance is in-line to higher-than-consensus compared to Nucor (NUE) and Steel Dynamics’ (STLD) guidance coming below expectations. The firm maintains an Overweight rating and $48 price target on U.S. Steel, which is about unchanged at $36.45 in early trading after the company issued Q2 guidance before the market open.
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