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U.S. Steel (X) Stock Up, JPMorgan: Can Gain 44%

NEW YORK (TheStreet) -- Shares of U.S. Steel (X) are rising 2.24% to $26.06 in midday trade after analysts at JPMorgan released a bullish note saying the stock could gain as much as 44% by year's end 2017.

The firm has an "overweight" rating on the stock and a year-end 2017 price target of $37.

JPMorgan said the company's recent notes offering "greatly improved" its liquidity profile. U.S. Steel's domestic sheet supply cuts alongside the company's Carnegie Way improvements "can drive significant earnings leverage into 2017," the firm...


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