Morgan Stanley Maintains Equal-Weight on Steel Dynamics, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Equal-Weight rating on Steel Dynamics (NASDAQ:STLD) and raises the price target from $96 to $97.
May 22, 2023 | 12:30 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Steel Dynamics (NASDAQ:STLD) and raises the price target from $96 to $97.
The news of Morgan Stanley maintaining an Equal-Weight rating on Steel Dynamics and raising the price target from $96 to $97 indicates that the analyst sees potential in the stock but does not expect significant outperformance in the short term. This news is directly related to STLD and is important for investors, but the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100