KeyBanc analyst Phillip Gibbs raised the firm’s price target on Steel Dynamics (STLD) to $165 from $152 to reflect further confidence in aluminum momentum, while keeping an Overweight rating on the shares. Post the company’s Q3 results, the firm lowers its Q4 to reflect normal seasonality and tighter Steel spreads.
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Read More on STLD:
- Steel Dynamics price target raised to $173 from $145 at Morgan Stanley
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