KeyBanc analyst Phillip Gibbs lowered the firm’s price target on Steel Dynamics (STLD) to $153 from $155 and keeps an Overweight rating on the shares. The firm cites softer near-term galvanized spreads. KeyBanc reduces its 2025 EBITDA to $2.43B, with its decisive expectation that Q2 will be the trough for Fabrication, and largely maintains its 2026 EBITDA at $3.04B, with modestly stronger Steel spreads and modestly softer gross profit.
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