Soleil Downgrades U.S. Steel (X) After Takeover Rumor Run-Up
Soleil Securities downgrades U.S. Steel (NYSE: X) from Hold to Sell after the stock reached their $75 price target.
Analyst Charles A. Bradford, from Bradford Research, Inc., said, "While a possible breakup value could approach $100 a share, it is our experience that companies do not trade at the breakup value and possible acquirers won't pay full value for a company."
Analyst Charles A. Bradford, from Bradford Research, Inc., said, "While a possible breakup value could approach $100 a share, it is our experience that companies do not trade at the breakup value and possible acquirers won't pay full value for a company."
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posted by Lon at 8:14 AM
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