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Analyst Moves: X, RAX, FDX
Monday, June 18, 1:47 PM ET

This morning, Jefferies lowered its price target on US Steel (NYSE:X) to $22 as lower demand is hurting pricing. In the report, Jefferies reiterated its hold rating on the stock.

Shares of US Steel were lower on Monday, falling 4.1% on the news.

Benchmark reduced its EPS estimates on shares of Rackspace (NYSE:RAX) through 2013 as cloud commuting growth could slow. In the report, Benchmark maintained its buy rating, but set a lower $63 price target.

Shares of Rackspace were higher, despite the report, climbing 0.7% today.

And Deutsche Bank lowered its EPS estimates on shares of FedEx (NYSE:FDX) through 2013 as the accelerated depreciation of aircraft will impact earnings per share in future fiscal years. In the report, Deutsche Bank maintained its buy rating and its $123 price target.

Shares of FDX were lower on Monday, falling 0.3% so far.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Analyst Moves: X, RAX, FDX | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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