United States Steel Corp. (X) was reiterated an ‘Outperform’ by Credit Suisse analysts on Wednesday. The broker also raised its price target on the stock to $22 from $19.
United States Steel Corp. recently traded at $15.32, a loss of $0.27 over Tuesday’s closing price. The name has a current market capitalization of $2.24 billion.
As for passive income investors, the steel producer pays shareholders $0.20 per share annually in dividends, yielding 1.27%. Five year average dividend yield currently stands at 0.96%.
Red Hat, Inc. (RHT) was reiterated as ‘Buy’ with a $105 from $98 price target on Wednesday by Drexel Hamilton following earnings.
In its quarterly report, the Linux software provider said it earned $0.52 per share, well above the $0.47 per share analysts were expecting. Revenue rose 17.3% yoy to $544 million, above views for $537.5 million.
Nike, Inc. (NKE) rating of ‘Hold’ was reiterated today at Canaccord Genuity with a price target decrease of $57 from $66 (versus a $64.90 previous close).
Shares of The Dow Chemical Company (DOW) are up $0.18 to $51.43 in midday trading.
RBC Capital Markets this morning reiterated its ‘Top Pick’ rating and increased its 12-month base case estimate on the name by 2 points to $62 a share.
Shares of Five Below, Inc. (FIVE) are up $2.02 at $40.91 after RBC Capital Markets analysts raised this morning their price target on the shares to $44 from $42, and reiterated an ‘Outperform’ rating.