Buy Cleveland-Cliffs Stock, Not U.S. Steel, J.P. Morgan Says. The Nippon Deal Is Too Risky.

Shares of steel maker  Cleveland-Cliffs were rising early Friday after J.P. Morgan said to buy the stock. United States Steel stock, however, was going in the other direction because analyst Bill Peterson sees too much deal risk. Cliffs shares were up about 1% in premarket trading Friday, while and futures were up about 0.3% and 0.4%, respectively.