Who Needs Analysts’ Support? U.S. Steel Surely Doesn’t

This year’s biggest advance among stocks in Standard & Poor’s benchmark U.S. indexes belongs to U.S. Steel Corp., a company that analysts have increasingly shunned. Shares of the steelmaker more than doubled as the average analyst rating dropped to a record low, according to data compiled by Bloomberg. U.S. Steel is in S&P’s MidCap 400 Index and has a lower rating than every other company in that gauge except Mercury General Corp., an auto insurer.