Tharani also backed a "Sell" rating for U.S. Steel Corp., saying that its fortunes are the most closely tied to fluctuations in steel prices. U.S. Steel shares tumbled $1.09, or 5.7 percent, to $18.04.But Tharani raised his rating for Commercial Metals Co. to "Neutral" from "Sell" and increased his price target for the company by $1.50 to $14, saying that its shares reflect the company's risks after dropping 14 percent over the last 12 months. Still, Tharani cut earnings estimates for the company for this year.
Sector Snap: Steel Shares Slide
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