US Steel Gets Upgraded to Overweight Rating 
<p>Morgan Stanley analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/X'>US Steel (NYSE:X)</a> from Equal Weight to Overweight and raised the price target to $40 per share, marking a $15 increase.</p>
<p>Additionally, the analysts designated the stock as a new Top Pick in the firm's mining sector research coverage. This upgrade is driven by the expected value creation resulting from US Steel's "transformational investments."</p>
<p>The transformation includes the expansion of the company's Electric Arc Furnace (EAF) capabilities and the development of high-value downstream products. A notable aspect of this transformation is the construction of the advanced Big River 2 (BR2) mini mill, with a capacity of 3.0 million tons per annum, which is set to become operational in 2024. </p>
<p>Furthermore, the ongoing strategic review process to potentially sell assets or the company itself highlights the value of US Steel's growth initiatives.</p>

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