U.S. Steel Stock Is Dropping Because an Analyst Just Said the Good Times Are Ending

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https://www.barrons.com/articles/u-s-steel-stock-price-downgrade-51634559200


Updated Oct. 18, 2021 1:55 p.m. ET / Original Oct. 18, 2021 8:14 americium ET

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Steel prices person been connected an epic tear, boosting stocks of companies that nutrient the metal. Wall Street, however, is starting to interest astir falling prices. Stocks related to a commodity ever person a pugnacious clip erstwhile prices for that merchandise weaken.

Monday, Morgan Stanley expert Carlos De Alba downgraded United States Steel (ticker: X) banal to the equivalent of Sell from Hold. He chopped his people terms by much than 50% to $17 a stock from $35.

De...


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