U.S. Steel Stock Drops as Analyst Says the Good Times Are Ending.

1 month ago 19

Steel prices person been connected an epic tear, boosting stocks of companies that nutrient the metal. Wall Street, however, is starting to interest astir falling prices. Stocks related to a commodity ever person a pugnacious clip erstwhile prices for that merchandise weaken.

Monday, Morgan Stanley expert Carlos De Alba downgraded United States Steel (ticker: X) banal to the equivalent of Sell from Hold. He chopped his people terms by much than 50% to $17 a stock from $35.

De...

Read Entire Article