Exane BNP Paribas Downgrades United States Steel to Neutral, Announces $26 Price Target
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Tristan Gresser has downgraded United States Steel (NYSE:X) from Outperform to Neutral and set a price target of $26.
July 05, 2023 | 9:10 am
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United States Steel has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target of $26.
The downgrade from Outperform to Neutral by a well-known analyst could potentially lead to a decrease in investor confidence in United States Steel, which may negatively impact the stock price in the short term. The new price target of $26 also provides a benchmark that investors may use to evaluate the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100