Citigroup Upgrades Steel Dynamics to Buy, Maintains Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has upgraded Steel Dynamics (NASDAQ:STLD) from Neutral to Buy, while maintaining the price target at $130.
September 26, 2023 | 2:57 pm
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Steel Dynamics has been upgraded from Neutral to Buy by Citigroup, with the price target remaining at $130.
The upgrade from Neutral to Buy indicates a positive outlook for Steel Dynamics. This could lead to increased investor interest and potentially a rise in the stock price. The maintained price target suggests that Citigroup believes the stock is fairly valued at $130.
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