BMO Capital Maintains Market Perform on Steel Dynamics, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst David Gagliano has maintained a 'Market Perform' rating on Steel Dynamics (STLD) and increased the price target from $110 to $120.

March 18, 2024 | 12:01 pm
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Steel Dynamics' price target was raised from $110 to $120 by BMO Capital, maintaining a 'Market Perform' rating.
The increase in price target by BMO Capital suggests a positive outlook on Steel Dynamics' financial performance and stock potential. This adjustment reflects an expectation of stronger future performance or market conditions that could benefit STLD. Given the maintained 'Market Perform' rating, the analyst sees the company as adequately valued at its current price but anticipates potential growth that could make it an attractive investment. This could lead to increased investor interest and potentially a short-term increase in stock price.
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IMPORTANCE 80
RELEVANCE 90