tiprankstipranks
U.S. Steel upgraded to Peer Perform from Underperform at Wolfe Research
The Fly

U.S. Steel upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research upgraded U.S. Steel to Peer Perform from Underperform and removed the firm’s prior $20 price target. A recent drop in share price contrasts with sharply higher sheet steel prices in recent weeks, notes the analyst, who said the firm’s channel checks continue to see pricing resilience through Q2 being driven by tight supply. Though the firm expects capacity to ramp up and demand to soften in the second half, current market strength could last longer than expected, the analyst added.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on X:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles