Jefferies analyst Luke Folta raised his price target on Buy-rated Steel Dynamics (NASDAQ: STLD) to $25.00 (from $21.00) after the company announced $1.6B acquisition of Severstal's Columbus mill and its positive outlook following 2Q14.

"While not in our model until closing, we estimate EPS/FCF accretion from the deal of $0.33/0.54 for 2015E," Folta said.

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Shares of Steel Dynamics closed at $21.69 yesterday.