UPDATE: Citigroup Downgrades U.S. Steel in Light of Falling Price Environment
February 11, 2014 at 13:16 PM EST
In a report issued Tuesday, Citigroup downgraded U.S. Steel (NYSE: X ) from Neutral to Sell and adjusted the price target to $23. In the report, Citigroup's Brian Yu commented on both US Steel's new management and captive iron ore mines stating, "US Steel appears stronger with new management removing