Steel Dynamics (STLD) Tops Q1 EPS by 2c

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Steel Dynamics (STLD) Q1 'Okay', Nomura Says; Notes Metal Spreads Risk

April 21, 2015 8:20 AM EDT

Nomura Securities analyst Curt Woodworth reiterated a Neutral rating and $20 price target on Steel Dynamics (NASDAQ: STLD) following Q1 results, calling the quarter okay but metal spreads at risk in Q2.

"We remain concerned by ongoing deterioration in both long and flat product prices against a backdrop of... More