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[bobirw]

X U.S. Steel guidance implies $63 share price, says JPMorgan
U.S. Steel's 2018 EBITDA guidance of $1.7B suggests an annualized EBITDA level of $2.2B in the second half of 2018, which implies a share price of $63 based on the company's long-term EBITDA multiple of 5.6 times, JPMorgan analyst Michael Gambardella tells investors in a research note. Further, the analyst views the guidance as being conservative with both the recent bond deal and the Section 232 tariffs going into effect next week. He would be a buyer of U.S. Steel and reiterates an Overweight rating on the name with a $69 price target.