Morgan Stanley downgrades U.S. Steel, sees limited growth opportunities ahead

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Morgan Stanley downgrades U.S. Steel, sees limited growth opportunities ahead

United States Steel is running out of runway for growth, according to Morgan Stanley. The firm downgraded the steel stock to equal weight from overweight on Monday, alongside a $39 per share price target. Morgan Stanley’s forecast implies nearly 6% from Friday’s close. Analyst Carlos De Alba said that U.S. Steel stock is now currently trading right around its target valuation for the company, which leaves little room to run moving forward. “However, we no longer see meaningful upside to our standalone price target. While a deal with Nippon — or another party — may still happen, which is reflected in our $55/[share] bull case, we continue to set our price target on a standalone basis,” the analyst said. More broadly, De Alba said he expects steel prices to rise thanks to President Donald Trump’s tariffs, but added that those price rises could be kept in check by sluggish demand. The White House over the weekend announced levies on imports from Mexico, China and Canada. The move sparked a global market sell-off. Analysts are mostly positive on the stock. LSEG data shows eight of 12 analysts who cover the stock rate it as a buy or strong buy. U.S. Steel has slipped nearly 20% over the past year. X 1Y mountain United States Steel stock.

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