Jefferies Cuts Numbers on Steel Dynamics (STLD)
Tweet
Share
E-mailGet Alerts STLD Hot Sheet
Price: $260.53 -1.01%
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Join SI Premium – FREE
Jefferies cut estimates and its price target on Steel Dynamics (NASDAQ: STLD) from $17.50 to $15, but maintained a Buy rating on the stock.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes from $0.28 to $0.22 and FY12 EPS goes from $1.00 to $0.70.
For an analyst ratings summary and ratings history on Steel Dynamics click here. For more ratings news on Steel Dynamics click here.
Shares of Steel Dynamics closed at $11.02 yesterday.
The firm cited the recent deterioration in steel/scrap pricing and a more cautious outlook for global demand.
Q2 EPS goes from $0.28 to $0.22 and FY12 EPS goes from $1.00 to $0.70.
For an analyst ratings summary and ratings history on Steel Dynamics click here. For more ratings news on Steel Dynamics click here.
Shares of Steel Dynamics closed at $11.02 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Golar LNG Ltd. (GLNG) PT Raised to $70 at BTIG
- Square Enix Holdings (9684:JP) (SQNNY) PT Raised to JPY3,100 at Macquarie
- Adyen NV (ADYEN:NA) (ADYYF) PT Raised to EUR1,200 at Susquehanna
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
