BofA is moving to No Rating on U.S. Steel (X) as the firm argues that the stock is no longer trading on fundamentals following the news that CFIUS will be conducting a fresh review of the previously announced acquisition of the company by Nippon Steel (NPSCY), noting that investors should not rely upon the firm’s prior opinion or price objective.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X: