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Jefferies Lowers PT on United States Steel Corporation on Reduced 2013 Steel Estimates

2013-04-16 18:20:37| Steel - Topix.net

In a report published Tuesday, Jefferies analyst Luke Folta reiterated a Hold rating on United States Steel Corporation , but lowered the price target from $24.00 to $18.00. In the report, Folta noted, "We have reduced EPS estimates for the majority of our steel coverage based on underwhelming pricing/demand trends that suggest 2Q13 results will ... (more)

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