BMO Capital Assumes Steel Dynamics (STLD) at Market Perform
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Citi downgrades Steel Dynamics (STLD) but remains positive on long-term outlook
March 15, 2023 10:51 AM EDTCiti downgraded Steel Dynamics, Inc. (NASDAQ: STLD) to a Neutral rating (From Buy) and raised the target price on the stock to $130.00 (From $110.00) ahead of the companys 4Q earnings release.
Citi remains positive on the long-term outlook for Steel Dynamics. However, the stock has significantly outperformed peers, and closed up the historical EV/EBITDA gap with NUE. NUE... More
