Morgan Stanley cuts rating on U.S. Steel stock to 'equal-weight'

Investing.com

02-03

Investing.com -- Morgan Stanley downgraded United States Steel Corporation (NYSE:X) "Equal-Weight" from "Overweight" citing the stock's current valuation, which is near its standalone price target of $39 per share.

The brokerage noted U.S. Steel's strategic investments at its Big River facility, projecting EBITDA growth from $1.37 billion in 2024 to $2.31 billion in 2026, with free cash flow turning positive over the same period. However, analysts no longer see significant upside based on a standalone valuation.

A potential deal with Japan's Nippon Steel or another suitor remains possible, Morgan Stanley (NYSE:MS) noted, with a bull-case scenario valuing the stock at $55 per share.

“While we still see the merits of US Steel's growth projects, we think much of the transformation is now priced in with the stock trading very close to our standalone valuation and the risk-reward being more balanced,” analyst at Morgan Stanely said.

Morgan Stanley expects steel prices to improve in 2025, driven by trade protectionist measures anticipated under a possible second Trump administration and modest demand growth of 1.6%.

Related Articles

Morgan Stanley cuts rating on U.S. Steel stock to 'equal-weight'

Piper Sandler downgrades Constellation Brands on tariff risks

OPEC+ modifies secondary sources, excludes U.S. Energy Information Administration

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However, analysts no longer see significant upside based on a standalone valuation.</p>\n<p>A potential deal with Japan's Nippon Steel or another suitor remains possible, Morgan Stanley (NYSE:MS) noted, with a bull-case scenario valuing the stock at $55 per share.</p>\n<p>“While we still see the merits of US Steel's growth projects, we think much of the transformation is now priced in with the stock trading very close to our standalone valuation and the risk-reward being more balanced,” analyst at Morgan Stanely said.</p>\n<p>Morgan Stanley expects steel prices to improve in 2025, driven by trade protectionist measures anticipated under a possible second Trump administration and modest demand growth of 1.6%.</p>\n<p>Related Articles</p>\n<p>Morgan Stanley cuts rating on U.S. Steel stock to 'equal-weight'</p>\n<p>Piper Sandler downgrades Constellation Brands on tariff risks</p>\n<p>OPEC+ modifies secondary sources, excludes U.S. Energy Information Administration</p>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://finance.yahoo.com/news/morgan-stanley-cuts-rating-u-141057990.html\">Investing.com</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"X","symbol_name":"美國鋼鐵","start_time":0,"source_url":"https://finance.yahoo.com/news/morgan-stanley-cuts-rating-u-141057990.html","article_id":"2508146931","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508146931","pubTimestamp":1738591857,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Morgan Stanley downgraded United States Steel Corporation  \"Equal-Weight\" from \"Overweight\" citing the stock's current valuation, which is near its standalone price target of $39 per share.The brokerage noted U.S. Steel's strategic investments at its Big River facility, projecting EBITDA growth from $1.37 billion in 2024 to $2.31 billion in 2026, with free cash flow turning positive over the same period. However, analysts no longer see significant upside based on a standalone valuation.A potential deal with Japan's Nippon Steel or another suitor remains possible, Morgan Stanley  noted, with a bull-case scenario valuing the stock at $55 per share.“While we still see the merits of US Steel's growth projects, we think much of the transformation is now priced in with the stock trading very close to our standalone valuation and the risk-reward being more balanced,” analyst at Morgan Stanely said.Morgan Stanley expects steel prices to improve in 2025, driven by trade protecti","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"X":"美国钢铁"},"translate_title":"摩根士丹利下调美国评级。钢材库存达到“同等重量”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"X":1},"content_text":"Investing.com -- Morgan Stanley downgraded United States Steel Corporation (NYSE:X) \"Equal-Weight\" from \"Overweight\" citing the stock's current valuation, which is near its standalone price target of $39 per share.\nThe brokerage noted U.S. Steel's strategic investments at its Big River facility, projecting EBITDA growth from $1.37 billion in 2024 to $2.31 billion in 2026, with free cash flow turning positive over the same period. However, analysts no longer see significant upside based on a standalone valuation.\nA potential deal with Japan's Nippon Steel or another suitor remains possible, Morgan Stanley (NYSE:MS) noted, with a bull-case scenario valuing the stock at $55 per share.\n“While we still see the merits of US Steel's growth projects, we think much of the transformation is now priced in with the stock trading very close to our standalone valuation and the risk-reward being more balanced,” analyst at Morgan Stanely said.\nMorgan Stanley expects steel prices to improve in 2025, driven by trade protectionist measures anticipated under a possible second Trump administration and modest demand growth of 1.6%.\nRelated Articles\nMorgan Stanley cuts rating on U.S. Steel stock to 'equal-weight'\nPiper Sandler downgrades Constellation Brands on tariff risks\nOPEC+ modifies secondary sources, excludes U.S. Energy Information Administration","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}