Shares of U.S. Steel Corp. X, -8.31% tumbled 8.0% in midday trade Tuesday, after Credit Suisse analyst Curt Woodworth turned bearish on the steel maker, citing a weakening of its competitive position ahead of the coming "Sheet Tsunami." Woodworth cut his rating to underperform, after downgrading the stock to neutral from outperform in January. He slashed his price target to $13, which was 29% below current levels. Woodworth expects a "Sheet Tsunami" period in the U.S.
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Congrats again to them trump and the trade war Mensa team!!!!
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