BMO Capital Maintains Market Perform on United States Steel, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic has maintained a 'Market Perform' rating on United States Steel (NYSE:X) but has lowered the price target from $55 to $45.
March 19, 2024 | 12:21 pm
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BMO Capital maintains a 'Market Perform' rating on United States Steel but lowers the price target from $55 to $45.
The reduction in the price target from $55 to $45 by BMO Capital, while maintaining a 'Market Perform' rating, suggests a cautious outlook on the stock's short-term price potential. This adjustment reflects analyst Katja Jancic's revised expectations for United States Steel's future performance, which could lead to a negative sentiment among investors and potentially result in a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100