U.S. Steel (X) Stock Rising, Deutsche Bank Upgrades

U.S. Steel (X) stock rating is lifted at Deutsche Bank to ‘hold.’
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of U.S. Steel (X) - Get Report  are up by 1.56% to $17.92 this afternoon as Deutsche Bank upgrades the stock to a "hold" rating from "sell."

The firm also raised its price target on the Pittsburgh-based steel producer's stock to $15 from $8.

Deutsche Bank noted that the company and the sector in general are enjoying "revised commodity deck forecasts," especially in steel in gold, and improved balance sheet health.

Analysts added that the firm is "now less negative on steels, but preference remains for non-integrated companies ... as well as gold exposure."

In the same note, Deutsche Bank reiterated its "sell" rating on U.S. Steel's competitor, AK Steel (AKS).

Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: X

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

Loading ...