Breaking Down Steel Dynamics: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) has been analyzed by 4 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $137.5, with a high of $150.00 and a low of $120.00. Recent analyst actions include JP Morgan raising its target to $120.00, B of A Securities lowering to $145.00, BMO Capital lowering to $135.00, and Jefferies announcing a hold at $150.00.
July 16, 2024 | 3:01 pm
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Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings over the past three months, with a current average 12-month price target of $137.5. Recent actions include JP Morgan raising its target to $120.00, B of A Securities lowering to $145.00, BMO Capital lowering to $135.00, and Jefferies announcing a hold at $150.00.
The mixed analyst ratings and slight increase in the average price target suggest a neutral short-term impact on STLD's stock price. While some analysts have raised their targets, others have lowered theirs, indicating uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100