Barclays Maintains an 'Equalweight' on Steel Dynamics (STLD); Q4 Update: Weaker Quarter, but Q1 2012 Outlook Brightening

Barclays maintains an 'Equalweight' on Steel Dynamics (NASDAQ: STLD) price target of $17.00.

Barclays analyst says, "As with the similar updates given by Nucor (NYSE: NUE) and AK Steel (NYSE: AKS), we believe the market was already well aware of the challenges of Q4, but the value comes from the incrementally more positive outlook for 2012. With steel prices anticipated to rebound into the next couple of quarters and raw material prices having stabilized, we believe steel mills are setting up for attractive near-term outperformance. AKS remains our favorite name within the steel group."

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 $12.50 yesterday.

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