Deutsche Bank Starts Steel Dynamics (STLD) at Buy; A Top Pick in Steel + FCF and Attractive Valuation

Deutsche Bank initiates coverage on Steel Dynamics (NASDAQ: STLD) with a Buy. PT $19.00.

Deutsche analyst says, "We favor STLD due to its favorable & improving cost structure, upstream integration & expansion, attractive product exposures, less perceived downside to estimates, solid financial profile, strong FCF & deleveraging potential ($2/sh annual) and valuation. STLD shares are currently trading at 5x 2013 EV/EBITDA; modestly below peers."

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 $14.37 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Starts Hochtief AG (HOT:GR) (HOCFF) at Hold
• Rocket Lab replaces ATM equity program, eyes Iridium acquisition funding
• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold