Option Millionaires

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$X upgraded to outperform


U.S. Steel upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded U.S. Steel to Outperform and raised his price target for the shares to $29 from $25. The analyst also upgraded his U.S. Steel sector rating to Overweight from Market Weight. The analyst expects prices to recover by late Q3 amid "strong" demand trends, low inventories, and trade dynamics via Section 232 "structurally limiting import flows despite attractive arb spreads." Woodworth notes that U.S. Steel equities have underperformed the market significantly since peaking in February