JP Morgan Maintains Underweight on Steel Dynamics, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Bill Peterson maintains an Underweight rating on Steel Dynamics (NASDAQ:STLD) and raises the price target from $94 to $95.

September 08, 2023 | 2:56 pm
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JP Morgan maintains an Underweight rating on Steel Dynamics and raises the price target from $94 to $95.
The news is directly about Steel Dynamics. JP Morgan's decision to maintain an Underweight rating indicates a bearish outlook, but the slight increase in price target may suggest some potential upside. However, the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100