From Yahoo Finance: 2025-05-27 13:51:00

On May 26, Jefferies analyst Chris LaFemina downgraded United States Steel Corp. (X) to Hold from Buy after President Trump approved a potential partnership with Nippon Steel Corp. LaFemina raised his price target to $55, the agreed takeover price.

United States Steel’s stock surged 21% on May 23 amid rumors of the acquisition. LaFemina remains cautious due to vague agreement details and potential shareholder value implications. The deal, announced in 2023, valued the company at $14.9 billion with a 40% premium.

The Biden administration previously blocked the acquisition, citing national security concerns and union pressure. The deal, if approved, could create 70,000 jobs and $14 billion in domestic investment. President Trump’s visit to U.S. Steel’s Pittsburgh plant on May 30 may reveal more details.

United States Steel Corporation (X) is a major steel manufacturer with operations in the USA and Central Europe, producing 25.4 million net tons annually. While X shows promise, other AI stocks may offer higher returns with limited downside risk. For more information, check out our report on the cheapest AI stock.



Read more at Yahoo Finance: Jeffries Downgrades United States Steel (X) to Hold, Lifts PT