U.S. Steel cut to Sell equivalent at Wolfe with headwinds growing; Nucor raised (NYSE:X)
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U.S. Steel cut to Sell equivalent at Wolfe with headwinds growing; Nucor raised (NYSE:X)

large bowl of molten metal at a steel mill. Steel production.

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U.S. Steel (NYSE:X) -0.9% in Thursday’s trading to its lowest intraday level in seven months after Wolfe Research downgraded the stock to Underperform from Peer Perform with a $19 price target, ahead of an expected “below normal” earnings environment for steelmakers.

“HeadwindsX