Steel Dynamics (STLD) PT Raised to $40 at BMO Capital
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Price: $265.85 +0.28%
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 24 | New: 4
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 24 | New: 4
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BMO Capital analyst David Gagliano raised the price target on Steel Dynamics (NASDAQ: STLD) to $40.00 (from $35.00) while maintaining an Outperform rating.
"We are raising the target price from $35 to $40, to reflect a)recent improvements in underlying fundamentals, and b)our view STLD shares still do not reflect the benefits associated with company-specific volume growth over the next three years," the analyst commented.
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