United States Steel: It’s All About Steel Prices

After watching United States Steel ( X ) drop nearly 5% yesterday following earnings , you would think analysts would be lining up to pan the U.S. steel maker. You'd be wrong. Instead, they're coming out in support of U.S. Steel. BofA Merrill Lynch , for one, upgraded the steel maker to Neutral from Underperform. And Credit Suisse analyst Curt Woodworth and team contend that steel prices should head higher, providing a boost for U.S. Steel: