Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks
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Steel Dynamics (STLD) PT Raised to $42 at Cowen on Strong 1Q Report; 'Volume Growth' & 'Healthy Demand to Support Prices'
April 21, 2017 12:27 PM EDTCowen raised its price target on Steel Dynamics (NASDAQ: STLD) to $42.00 (from $41.00) while maintaining a Outperform rating, following the company's first quarter earnings report.
Analyst Novid Rassouli notes the company delivered earnings and revenues that beat consensus estimates, as tighter domestic supply resulted... More
Nucor (NUE) PT Lowered to $75 at Jefferies; Reiterates Buy
April 21, 2017 7:33 AM EDTJefferies lowered its price target on Nucor (NYSE: NUE) to $75.00 (from $77.00) while maintaining a Buy rating. NUE generated $0.44/sh in FCF during Q1, despite substantial working capital consumption. Management's outlook suggests further sequential improvement in 2Q given improved metal spreads in its Steel Mills... More
