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.