This morning, Goldman Sachs upgraded the steel industry to Attractive as the firm sees prices nearing the bottom. With low inventories worldwide and a weak dollar, the US could become a net exporter of steel very soon. With this, Goldman added
US Steel (NYSE:X) to its Conviction Buy list and set a six month price target $54 per share.
In morning trading, shares of US Steel were trading higher by more than three and a half percent.
And Deere & Company (NYSE:DE) drew the attention of two investment firms this morning and investors should be pleased. Wells
Fargo upgraded shares of Deere to Outperform as its analysts are looking ahead to 2011 for new earnings growth. And JP
Morgan upgraded shares of Deere from Underweight to Neutral and raised its price target from $47 per share up to $52.
Shares of Deere were trading higher Monday morning, up more than two percent following the upgrades.
For MarketNewsVideo.com, I'm Nichole Dossous.
