U.S. Steel Stock Suffers a Double-Downgrade
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Pity U.S. Steel (NYSE: X) investors. They just can't catch a break.
A little over a month ago, U.S. Steel reported its fiscal Q2 earnings, and from at least one perspective, the news didn't look all that bad. On the one hand, yes, earnings declined year over year -- and steeply. On the other hand, though, at least U.S. Steel didn't do quite as badly as analysts had forecast, beating on both sales and earnings for the quarter.
Source Fool.com
