2 Stocks Rising on Upgrades Today
XU. S. Steel(X) Schaeffers Investment Research·2024-09-09 23:25

United States Steel Corp (NYSE:X) stock is up 4.1% at 32.55atlastcheck,afteranupgradefromJPMorganSecuritiesto"overweight"from"neutral,"andatGLJto"buy"from"sell."Thelatterfirmappliedasum−of−partsapproachthatvaluesthecompanywithorwithoutthehighlypublicizedpotentialtakeoverbyNipponSteel,whichU.S.VicePresidentKamalaHarrisopposedatarallylastweek. Xisontrackforitsthird−straightdailygainafteritsrecentSept.4,52−weeklowof32.55 at last check, after an upgrade from JPMorgan Securities to "overweight" from "neutral," and at GLJ to "buy" from "sell." The latter firm applied a sum-of-parts approach that values the company with or without the highly publicized potential takeover by Nippon Steel, which U.S. Vice President Kamala Harris opposed at a rally last week. X is on track for its third-straight daily gain after its recent Sept. 4, 52-week low of 26.91. Year to date, th ...