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ALSO READ: 6 Oil and Gas Stocks Analysts Want You to Buy Now. United States Steel Corp. (NYSE: X) saw its price target raised to $15 from $7 in the Barclays call. Merrill Lynch raised its price objective to $9 from $1 to reflect a sharp EBITDA recovery from higher selling prices and as valuations remain at a trough.
Steel Price Forecast for 2015: It Might Get 'Ugly'. The steel industry has been in a kind of funk this year, as frenetic production in Asia has flooded global markets with cheap steel the once-burgeoning American auto and construction sectors want less and less of now.