U.S. Steel Stock Price Targets Are Rising, but Nobody’s Newly Bullish

Price targets for United States Steel stock keep going up because inflation is real.

Tuesday, Citigroup analyst Alexander Hacking raised his price target for U.S. Steel (ticker: X) stock to $34 from $30. Hacking wrote the U.S. “sits in the middle of massive steel inflation spreading out of Europe.” Steel prices might fall in China, but “Europe is more relevant, in our view.”