Jefferies remains 'buy' on US Steel with a lowered price target from $47 to $41, reporting that 'according to the Washington Post and other media, the White House plans to block its proposed acquisition by Nippon Steel on national security grounds'.

Although this result is in line with its base-case scenario, Jefferies says it sees deep value in US Steel as a stand-alone stock, after the wave of aggressive selling it was subjected to (-17.4% over Wednesday's trading session).

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