Some metals and mining companies that have been laggards in 2010 are getting a boost today after Goldman Sachs upgraded a company in the industry.
U.S. Steel X was added to the Conviction Buy list at Goldman Sachs this morning. The firm said global steel production has rebounded and the company will benefit from its vertical integration. The firm set their price target at $73.
Shares of U.S. Steel are surging today, up $2.45, or 4.45%, to $57.48. Shares of U.S. Steel are down 0.78% year-to-date.
Aluminum maker Alcoa AA is also up today, surging 64 cents, or 5.14%, to $13.10. Alcoa has struggled in 2010 with its shares down 21.14%.
Ak Steel AKS is up more than 2% today while Century Aluminum CENX is up 7%.
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Posted In: Analyst ColorUpgradesPrice TargetGlobalIntraday UpdateAnalyst RatingsMoversAluminumGoldman SachsMaterialsSteel
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