JP Morgan Maintains Neutral on Steel Dynamics, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains a Neutral rating on Steel Dynamics (NASDAQ:STLD) and lowers the price target from $131 to $129.
October 09, 2024 | 8:40 pm
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NEUTRAL IMPACT
JP Morgan has maintained a Neutral rating on Steel Dynamics and slightly lowered the price target from $131 to $129, indicating a cautious outlook.
The Neutral rating suggests that JP Morgan does not expect significant upside or downside in the short term. The slight reduction in the price target reflects a modestly more cautious outlook, but not enough to change the overall rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100