Wolfe Research downgraded U.S. Steel (X) to Peer Perform from Outperform without a price target. The shares are trading near the Nippon Steel (NPSCY) takeout value, the analyst tells investors in a research note. The firm believes President Trump looks set to approve the deal.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- Top Analysts Weigh In on Trump’s Approval of U.S. Steel-Nippon Deal
- Cautious Optimism: US Steel’s Potential Partnership with Nippon Spurs Market Rally Amid Uncertainty
- U.S. Steel downgraded to Hold from Buy at Jefferies
- U.S. Steel shares should move towards $55, says Morgan Stanley
- U.S. Steel deal ‘major positive’ for ArcelorMittal, says JPMorgan