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How Will U.S. Steel (X) Stock React to Deutsche Bank Price Target Increase?

NEW YORK (TheStreet) -- U.S Steel (X) announced 2016 second quarter results earlier this week, posting a narrower-than-expected loss, and Deutsche Bank has raised its price target on the stock.

The company reported a 31 cent-loss per share, higher than estimates of a 49 cent-loss. However, revenue for the period dropped 11% year-over-year to $2.58 billion. Wall Street had expected $2.68 billion.

In its analyst note, Deutsche Bank upped its price target on the stock to $23 from $15.

The firm is still concerned about the downside that could result...


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