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Actionable news in X: UNITED STATES STEEL CORPORATION,

U.S. Steel (X) Stock Up, Coverage Initiated with 'Buy' Rating at Citigroup

NEW YORK (TheStreet) -- Shares of U.S. Steel (X) were advancing early afternoon Monday after analysts at Citigroup initiated coverage of the stock with a "buy" rating, in a note cited by Barron's.

The firm has a $27 price target on shares of the Pittsburgh-based integrated steel producer.

Citigroup noted that steel equities have risen 35% year-to-date, but the firm said "there is more room to run" as producers enter a period of extended profitability supported by flat steel prices.

The firm projects hot-rolled coil prices...


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