Will These Price Target Increases Help United States Steel (X) Stock Today?

NEW YORK (TheStreet) -- United States Steel  (X) received a pair of price target increases on Thursday.

JP Morgan increased its price target to $33, increased its estimates and set a "neutral" rating, as the company is cutting costs.

Jefferies increased its price target to $35 from $31, increased its estimates and set a "hold" rating. The firm cited lower costs and stable pricing.

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The stock was down 1.6% to $32.50 in pre-market trading Thrusday.

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Separately, TheStreet Ratings team rates UNITED STATES STEEL CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNITED STATES STEEL CORP (X) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and generally higher debt management risk."

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

X Chart X data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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