Morgan Stanley Maintains Equal-Weight on Steel Dynamics, Lowers Price Target to $131
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Morgan Stanley analyst Carlos De Alba maintains an Equal-Weight rating on Steel Dynamics (NASDAQ:STLD) but lowers the price target from $138 to $131.
September 18, 2024 | 11:46 am
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Morgan Stanley has maintained its Equal-Weight rating on Steel Dynamics but has lowered the price target from $138 to $131, indicating a more cautious outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on Steel Dynamics' future performance, which could lead to a short-term negative impact on the stock price.
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