U.S. Steel Stock Is Downgraded as Investors Wait for Trump
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The steel maker’s shares closed down 1.7% at $42.26, while the and gained 0.6% and 1%, respectively. The drop came after BMO Research analyst Katja Jancic downgraded U.S. Steel stock to Hold from Buy. Nippon and U.S. Steel agreed to a deal at $55 a share in December 2023, but the transaction faced stiff political opposition from both parties, which felt a company named U.S. Steel should be controlled by Americans.
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