Morgan Stanley Maintains Equal-Weight on Steel Dynamics, Raises Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Equal-Weight rating on Steel Dynamics (NASDAQ:STLD) and raised the price target from $97 to $99.
July 24, 2023 | 1:49 pm
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Morgan Stanley has maintained an Equal-Weight rating on Steel Dynamics and raised the price target from $97 to $99.
The news is directly related to Steel Dynamics (STLD). The maintained Equal-Weight rating indicates that Morgan Stanley believes the stock is fairly valued. However, the increase in price target from $97 to $99 suggests that they see potential for the stock's price to increase in the short term.
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IMPORTANCE 80
RELEVANCE 100