JP Morgan Maintains Underweight on Steel Dynamics, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains an Underweight rating on Steel Dynamics (NASDAQ:STLD) but raises the price target from $118 to $120.
July 16, 2024 | 2:14 pm
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JP Morgan analyst Bill Peterson maintains an Underweight rating on Steel Dynamics (NASDAQ:STLD) but raises the price target from $118 to $120.
The Underweight rating suggests a bearish outlook, but the slight increase in the price target indicates some positive expectations. The net impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100