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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38803)	1/10/2003 4:35:47 PM
From: j g cordes	Read Replies (2) \| Respond to of 69349

X'd _ This has to be the % largest upgrade of the day.. and in a sector not known for its volatility, so its an industrial call on the economy as well. " 08:15 ET U.S. Steel upped to Buy from Hold at Pru; target goes to $30 (X) 13.70: Prudential upgrades to BUY from Hold and boosts target price to $30 from $13. Believes National Steel acquisition should make a stronger company in both strong and weak markets. In addition, thinks weaker dollar should improve the position of steelmakers and their auto and machinery customers, and the Bush stimulus program could improve the odds of economic recovery. For 2003, firm boosting est to $0.12 from ($1.09); raises 2004 to $3.53 from $1.14, 2005 to $4.03 from $1.78, and 2006 to $4.00 from $1.87.