What 4 Analyst Ratings Have To Say About Steel Dynamics
Portfolio Pulse from Benzinga Insights
Over the past three months, four analysts have provided diverse ratings for Steel Dynamics (NASDAQ:STLD), ranging from bullish to bearish. The average 12-month price target has increased to $137.0 from $130.0. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.
June 26, 2024 | 7:01 pm
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Analysts have provided mixed ratings for Steel Dynamics, with an average 12-month price target increase to $137.0. Recent adjustments include both downgrades and upgrades, reflecting varied outlooks on the company's performance.
The mixed ratings and adjustments in price targets indicate uncertainty among analysts about Steel Dynamics' short-term performance. The increase in the average price target suggests some optimism, but the presence of downgrades tempers this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100