Morgan Stanley Maintains Equal-Weight on United States Steel, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Equal-Weight rating on United States Steel (NYSE:X) and lowers the price target from $30 to $25.
May 22, 2023 | 12:31 pm
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Morgan Stanley maintains an Equal-Weight rating on United States Steel (NYSE:X) and lowers the price target from $30 to $25.
The lowered price target by Morgan Stanley analyst Carlos De Alba indicates a bearish outlook on United States Steel (NYSE:X) in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the reduced price target may lead to negative sentiment among investors, potentially causing the stock price to decline.
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