X - U.S. Steel sparked by Deutsche Bank double-upgrade

U.S. Steel (X) +2.9% pre-market after Deutsche Bank upgrades shares to Buy from Sell with a Street-high $28 price target, as "stars align" for integrated steel producers.Hot-rolled coiled steel prices have hit a peak after last year's H2 rally which saw prices jump from $435-$440/st to $960-$990/st, DB analyst Chris Terry says.Terry also cuts Commercial Metals (CMC) and Reliance Steel (RS) to Hold from Buy, reiterates Steel Dynamics at Buy and raising its price target to Street-high $45, and maintains Hold ratings for Nucor (NUE) and Ryerson (RYI).ETF: [[SLX]]U.S. Steel closed 4% lower yesterday after hitting $22.42 intraday, highest in two years; its average Wall Street analyst rating is Neutral.

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U.S. Steel sparked by Deutsche Bank double-upgrade