X and JBLU received analyst upgrades this morning
United States Steel Corp (NYSE:X) stock is up 4.1% at $32.55 at last check, after an upgrade from JPMorgan Securities to “overweight” from “neutral,” and at GLJ to “buy” from “sell.” The latter firm applied a sum-of-parts approach that values the company with or without the highly publicized potential takeover by Nippon Steel, which U.S. Vice President Kamala Harris opposed at a rally last week.
X is on track for its third-straight daily gain after its recent Sept. 4, 52-week low of $26.91. Year to date, the stock is down 32.9%.
JetBlue Airways Corp (NASDAQ:JBLU) stock up 4.6% at $5.54, after BofA Global Research raised its rating to “neutral” from “underperform,” noting stable travel demand. On the charts, the stock has been on the rise since bouncing off familiar support at the $4.50 level in mid August, enjoying summer travel tailwinds. On track for its ninth daily gain in the last 11 sessions, today’s rise has JBLU breaking into positive territory for 2024.