Credit Suisse Upgrades Steel Dynamics (STLD) to Outperform

Credit Suisse analyst Curt Woodworth upgraded Steel Dynamics (NASDAQ: STLD) from Neutral to Outperform with a price target of $43.00 (from $51.00).

Woodworth said the buy versus build decision at STLD is bullish from the basis of not buying Big River. STLD continues to generate very strong FCF and the unlevered balance sheet should allow for robust capital return, he added.

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 $31.87 yesterday.

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