Goldman Adds U.S. Steel to its “Conviction Buy” List (X)# Stock
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Steelmaker United States Steel Corporation (X) saw its shares added to
Goldman Sachs’ prestigious “Conviction Buy” List on Thursday, sending its
shares higher.
The firm also set a $73 price target on the stock, which represents a 33%
upside on its Wednesday closing price of $55.03.
Goldman said that steel production continues to grow, even approaching its
mid-2008 peak, while steel inventories in the U.S. remain as historically
low levels. The analyst also
Steelmaker United States Steel Corporation (X) saw its shares added to
Goldman Sachs’ prestigious “Conviction Buy” List on Thursday, sending its
shares higher.
The firm also set a $73 price target on the stock, which represents a 33%
upside on its Wednesday closing price of $55.03.
Goldman said that steel production continues to grow, even approaching its
mid-2008 peak, while steel inventories in the U.S. remain as historically
low levels. The analyst also