U.S. Steel: You’re Missing the Point!!!
April 27, 2017 at 11:22 AM EDT
Yesterday, U.S. Steel ( X ) lost a quarter of its value after reporting a surprise loss . While some analysts were dismayed by the loss , others are sticking with positive ratings, particularly after digging into the numbers. Case in point: JPMorgan analyst Michael Gambardella and team, who leave their Overweight rating and $46 price target intact. In fact, they argue that the market appears to be missing a point that was driven home by the numbers, particularly is increased spending. They explain: