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Barclays Grows More Confident In US Steel, While AK Steel Estimates Soften

Analysts at Barclays turned "moderately more constructive" on United States Steel Corporation (NYSE: X) while simultaneously turning less bullish on AK Steel Holding Corporation (NYSE: AKS) on Thursday.

Barclays' Matthew Korn maintains an Equal-Weight rating on US Steel with a price target boosted to $25 as the company's second-quarter earnings report served as a "nice and timely counter" to the "disastrous" first quarter report.

US Steel showed that a combination of improved pricing, a seasonal rebound in iron ore mining ops, along with improved operation performance in the Flat Rolled division can generate encouraging results, the analyst stated. The company's reiteration of its guidance in the face of lower...