Goldman Sachs Downgrades Steel Dynamics (STLD) to Neutral
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Price: $258.16 +0.93%
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Goldman Sachs downgraded Steel Dynamics (NASDAQ: STLD) from Buy to Neutral with a 6-month price target of $14 (down from $20).
The firm said the continue to like the stock for the long term, however in the urrent low steel price environment with scrap prices holding up well, it is difficult to justify owning the stock.
For more ratings news on Steel Dynamics click here and for the rating history of Steel Dynamics click here.
Shares of Steel Dynamics closed at $12.73 yesterday.
The firm said the continue to like the stock for the long term, however in the urrent low steel price environment with scrap prices holding up well, it is difficult to justify owning the stock.
For more ratings news on Steel Dynamics click here and for the rating history of Steel Dynamics click here.
Shares of Steel Dynamics closed at $12.73 yesterday.
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