JP Morgan Upgrades Steel Dynamics to Neutral, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has upgraded Steel Dynamics (NASDAQ:STLD) from Underweight to Neutral and increased the price target from $120 to $131.
September 09, 2024 | 12:18 pm
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JP Morgan has upgraded Steel Dynamics from Underweight to Neutral, with a new price target of $131, indicating a more positive outlook on the stock.
The upgrade from Underweight to Neutral by JP Morgan suggests a more favorable view of Steel Dynamics' stock, likely leading to positive investor sentiment and potential short-term price increase. The raised price target to $131 further supports this positive outlook.
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