Argus Upgrades US Steel (X) to Buy

Argus upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $30.00.

The analyst expect U.S. Steel to benefit from margin improvement, new tariffs on imported steel, and a stable to falling dollar, and to return to profitability sooner than they previously expected.

The firm is now project adjusted EPS of $0.34 in 2016. They are also raising 2017 estimate to earnings of $4.00 per share from a loss of $0.47 per share.

For an analyst ratings summary and ratings history on US Steel click here. For more ratings news on US Steel click here.

Shares of US Steel closed at $25.49 yesterday.

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