Wolfe Research Reiterates Underperform Rating on Steel Dynamics (STLD)

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US Steel (X) Mentioned Cautiously at BMO Capital, 'Mid-Quarter Update: At the Lower End of Prior Guide'

June 17, 2024 10:11 AM EDT

BMO Capital analyst Katja Jancic reiterated a Market Perform rating and $43.00 price target on US Steel (NYSE: X)

The analyst comments "US Steel expects 2Q'24 EBITDA to be ~$425mm, which compares to its original guidance of ~$425-475mm (1Q'24 of $414mm) and... More

Morgan Stanley Comments on US Steel (X) Guidance

June 17, 2024 9:39 AM EDT

Morgan Stanley analyst Carlos De Alba reiterated an Overweight rating and $48.00 price target on US Steel (NYSE: X).

The analyst comments "We think X shares will outperform peers today as their guidance is in-line to higher-than-consensus vs. NUE/STLD's guidance coming below expectations. 2Q24... More

Steel Dynamics (STLD) PT Lowered to $135 at Jefferies

June 17, 2024 9:17 AM EDT

(Updated - June 17, 2024 9:17 AM EDT)

Jefferies analyst Christopher LaFemina lowered the price target on Steel Dynamics (NASDAQ: STLD) to $135.00 (from $150.00) while maintaining a Hold rating.

The analyst commented: "STLD guided to 2Q earnings of $2.64 to $2.68 per diluted share, which... More

Citi Reiterates Buy Rating on Steel Dynamics (STLD)

June 17, 2024 8:41 AM EDT

Citi analyst Alexander Hacking reiterated a Buy rating and $160.00 price target on Steel Dynamics (NASDAQ: STLD).

The analyst comments "Steel Dynamics announced 2Q24 EPS guidance of $2.64-2.68, which compares to Citi estimate at $2.87 and consensus $2.98. Implied EBITDA is ~$701mln or ~6% below consensus ($748mln... More

Steel Dynamics (STLD) Q2 Guidance Misses Consensus

June 17, 2024 7:46 AM EDT

Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2024 earnings guidance in the range of $2.64 to $2.68 per diluted share. Comparatively, the company's sequential first quarter 2024 earnings were $3.67 per diluted share, and prior year second quarter earnings were $4.81 per diluted share.

(Consensus sees Q2 EPS of $2.97)

Second... More

Steel Dynamics (STLD) PT Raised to $129 at UBS

June 14, 2024 7:26 AM EDT

UBS analyst Curt Woodworth raised the price target on Steel Dynamics (NASDAQ: STLD) to $129.00 (from $119.00) while maintaining a Neutral rating.... More