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Benzinga
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With Nippon Deal In Trump's Court, JPMorgan Turns Cautious On US Steel

1. JP Morgan downgrades U.S. Steel from Overweight to Neutral. 2. Price forecast cut from $43 to $38 amid NSC deal uncertainty. 3. Construction demand is under pressure; auto sector faces long-term risks. 4. EPS loss guidance worsens, impacting shipment forecasts negatively. 5. Nippon Steel negotiations with Trump administration focus on $14 billion deal.

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FAQ

Why Bearish?

The downgrade from Overweight to Neutral reflects declining investment sentiment. Historical downgrades often precede declines; e.g., Steel Dynamics in 2020 saw an immediate price dip after a similar downgrade.

How important is it?

The analyst's downgrade and EPS forecast directly impact investor confidence and stock pricing.

Why Short Term?

The immediate downgrade and lowered EPS guidance directly influence near-term investor sentiment. Price adjustments typically materialize quickly following analyst revisions.

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