All the market-moving Wall Street chatter from Monday

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All the market-moving Wall Street chatter from Monday

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for memory over the next 12-18 months,” Gerra wrote on Monday. Shares are up more than 34% for the year. However, they have fallen 7% over the past month. In premarket trading, the stock advanced 2.6%. MU YTD mountain MU year to date — Brian Evans 5:45 a.m.: Morgan Stanley upgrades U.S. Steel There’s a big buying opportunity in U.S. Steel after a recent pullback this year, according to Morgan Stanley. Analyst Carlos De Alba upgraded the steel producer to overweight from equal weight. His price target of $48, albeit down from $51, still implies upside of 31.6% over the next 12 months. Shares have been under pressure this year, losing more than 25%, as regulators scrutinize Japan’s Nippon Steel acquisition of U.S. Steel. De Alba, however, thinks a transformation at U.S. Steel is still taking place — making it attractive regardless of a possible takeover. X YTD mountain X in 2024 “U.S. Steel, historically an integrated blast furnace steelmaker, is nearing the end of its transformation into a more flexible steelmaker,” De Alba said. “Our call is supported by the competitive nature of US Steel’s strategic review process, which highlights the value of X’s growth initiatives.” The stock rose 2% in the premarket following the upgrade. — Fred Imbert

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Investment strategy,Stock markets,US STEEL DRN,Micron Technology Inc,business news
#marketmoving #Wall #Street #chatter #Monday

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