Morgan Stanley Downgrades United States Steel to Equal-Weight, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba downgraded United States Steel (X) from Overweight to Equal-Weight but raised the price target from $40 to $51.

February 15, 2024 | 10:42 am
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United States Steel was downgraded by Morgan Stanley from Overweight to Equal-Weight, though its price target was increased from $40 to $51.
The downgrade to Equal-Weight suggests a neutral outlook on the stock's performance, indicating that Morgan Stanley believes United States Steel will perform in line with the market. However, the increase in the price target from $40 to $51 signals a positive view on the company's potential value, possibly due to improved market conditions or company fundamentals. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100