UBS Maintains Neutral on Steel Dynamics, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Andreas Bokkenheuser has maintained a Neutral rating on Steel Dynamics (NASDAQ:STLD) but has lowered the price target from $120 to $119.
January 24, 2024 | 3:31 pm
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NEUTRAL IMPACT
UBS has maintained a Neutral rating on Steel Dynamics and reduced the price target by $1 to $119.
The price target reduction by UBS is marginal, suggesting only a slight change in valuation perspective. Given that the rating remains Neutral, the impact on the stock price is likely to be minimal in the short term. However, the adjustment reflects a slightly more conservative outlook by the analyst, which could be factored into investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100