More cost cuts, CFO ouster sink U.S. Steel to three-year low [Seeking Alpha]
AK STEEL HOLDINGS (AKS)
Last ak steel holdings earnings: 2/20 07:00 am
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Source: Seeking Alpha
Seeking Alpha | On the Move More cost cuts, CFO ouster sink U.S. Steel to three-year low Oct. 9, 2019 3:17 PM ET United States Steel Corpora... (X) Carl Surran U.S. Steel ( -8.1% lowest in more than three years further cost cuts U.S. Steel said it will kick-start an enhanced operating model starting next year that it hopes will save $200M in annual fixed costs by 2022. Turnover within executive roles involved in the execution of the company's long-term strategy is "unnerving, however large strategic shifts post redefining acquisitions (i.e. Big River) rarely come without some turnover," says Cowen analyst Tyler Kenyon, who maintains his Market Perform rating and $10 price target. The broader steel sector ( SLX -0.5% NUE +0.8% AKS -1.1% CMC +1.1% STLD +2.3% See all stocks on the move » Now read: AK Steel: Q3 Could Get Ugly » Subscribe
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