JP Morgan Maintains Neutral on Steel Dynamics, Raises Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains a Neutral rating on Steel Dynamics (NASDAQ:STLD) and raises the price target from $129 to $134.

October 18, 2024 | 3:14 pm
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JP Morgan has maintained a Neutral rating on Steel Dynamics but increased the price target from $129 to $134, indicating a slightly more positive outlook.
The increase in the price target suggests a more optimistic view on Steel Dynamics' future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not expect significant outperformance compared to the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100