U.S. Steel price target lowered to $31 from $36 at Argus

November 8, 2012

Argus reduced its target on U.S. Steel as the firm lowered its 2012 EPS estimate for the company to 90c from $1.68. The firm cited the company's overall industry outlook and weak overseas demand as reasons for the reduction in its EPS estimate, but it maintains a Buy rating on the shares.