Citigroup Upgrades Steel Dynamics to Buy, Announces $130 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has upgraded Steel Dynamics (NASDAQ:STLD) from Neutral to Buy and announced a $130 price target.
September 25, 2023 | 1:16 pm
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Citigroup has upgraded Steel Dynamics from Neutral to Buy and set a price target of $130.
The upgrade from Citigroup is a positive signal for Steel Dynamics. The new Buy rating and the $130 price target suggest that the analyst sees significant upside potential in the stock, which could drive its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100