Steel Dynamics shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral and announced a $102 price target.
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas has downgraded Steel Dynamics' stock from Outperform to Neutral and set a price target of $102. This has led to a decrease in the trading price of Steel Dynamics' shares.
July 05, 2023 | 2:24 pm
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Steel Dynamics' stock has been downgraded by Exane BNP Paribas, leading to a decrease in its trading price.
The downgrade of Steel Dynamics' stock by Exane BNP Paribas from Outperform to Neutral indicates a less optimistic outlook for the company's stock. This has led to a decrease in the trading price of the stock, which could potentially continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100