Jefferies Cuts Numbers on Steel Dynamics (STLD)
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Price: $235.51 +0.23%
Rating Summary:
14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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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.
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