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Is It Too Late to Downgrade US Steel Stocks?

Mark O'Hara
Is It Too Late to Downgrade US Steel Stocks?

On October 15, Credit Suisse downgraded the US steel sector to a “market weight” from an “overweight” rating. Credit Suisse downgraded Nucor (NUE) and Cleveland Cliffs (CLF). Several other brokerages have also taken bearish views on US steel stocks.