BMO Capital raised the firm’s price target on Steel Dynamics (STLD) to $167 from $155 and keeps an Outperform rating on the shares. The firm is increasing its 2026-27 estimates on better aluminum mix, and notes that while the demand/pricing environment currently remains muted, it believes that Steel Dynamics is set to benefit from improved Sinton profitability and aluminum rolling mill ramp-up, the analyst tells investors in a research note.
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Read More on STLD:
- Steel Dynamics price target raised to $180 from $165 at Jefferies
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