Coverage Reiterated: US Steel (X), Red Hat (RHT), Nike (NKE), Dow Chemical (DOW), Five Below (FIVE)

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.

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