The Vetr crowd
The downgrade comes as U.S. Steel is near a two-year high of $32.89. Analyst faith in the stock is also up; earlier this month, Jefferies upgraded its rating of U.S. Steel from Hold to Buy and Morgan Stanley upgraded its rating from Equal-weight to Overweight.
However, the long-term outlook for steel is still up in the air and could depend on how the upcoming presidential administration’s domestic and trade policies affect manufacturing.
The Vetr Crowd’s average target price is down at $25.70, which is above the average analyst target price of $21.81. Less than 2 percent of Vetr users are holding X in their watch lists.