United States Steel Corporation has "brighter days ahead," including a nearly doubling of its stock price, according to analysts at JPMorgan. The firm's Michael Gambardella maintains an Overweight rating on U.S. Steel's stock with a price target boosted from $46 to $51 after the company reported its second-quarter results. As part of U.S. Steel's earnings report, management maintained its 2017 EBITDA guidance of $1.1 billion even though it is now assuming a lower HRC (hot rolled coil) price of $612/t versus $644/t when the guidance was first given in April, Gambardella continued. This is due to the improved operational performance of the company's assets and expectations for flat rolled costs prices to remain under control.Read more