Goldman Sachs Raises U.S. Steel Group PT To $75, Upgrades To Buy (X)

Goldman Sachs raised its U.S. Steel Group X price target from $61 to $75 and upgraded U.S. Steel Group to Buy from Neutral in a research report published today. In the report, Goldman Sachs states, "We favor X's leverage to rising steel prices and demand and believe it offers a good opportunity. Its vertical integration into iron ore and attractive priced coking coal contract for 2011 in the US, combined with higher realized prices beyond 1Q should be strong earnings drivers for 3Q and 3Q." Shares of U.S. Steel Group were at $61.99 in pre-market trading at the time of posting, up 2.72% from Monday's market close.