BMO Capital Maintains Market Perform on Steel Dynamics, Lowers Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained a Market Perform rating on Steel Dynamics (NASDAQ:STLD) but has lowered its price target from $135 to $127.
September 17, 2024 | 1:48 pm
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BMO Capital has maintained a Market Perform rating on Steel Dynamics but lowered the price target from $135 to $127, indicating a more cautious outlook.
The lowering of the price target by BMO Capital suggests a more cautious outlook on Steel Dynamics' future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100