09
Apr
21:25
Credit Suisse knocks US Steel stock, costs
Investment bank Credit Suisse lowered US Steel’s stock rating and price target Tuesday due to an expected glut of low-cost sheet supply in the 2021-2022 timeframe, Kallanish understands.
A Seeking Alpha summary of the original Credit Suisse research note puts US Steel’s new target price at $13/share, down from $21. The stock rating fell from neutral to underperform.
Credit Suisse analyst Curt Woodworth dubs the expected 2021-2022 supply surge a &l…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous