B of A Securities Upgrades Steel Dynamics to Buy, Raises Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Steel Dynamics (NASDAQ:STLD) from Neutral to Buy and increased the price target from $140 to $155.
October 01, 2024 | 1:27 pm
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B of A Securities has upgraded Steel Dynamics from Neutral to Buy, raising the price target from $140 to $155, indicating a positive outlook.
The upgrade from Neutral to Buy by B of A Securities suggests increased confidence in Steel Dynamics' future performance. The raised price target to $155 indicates expectations of stock price appreciation, likely leading to positive short-term market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100