Jefferies raised the firm’s price target on Steel Dynamics (STLD) to $180 from $165 and keeps a Buy rating on the shares post the Q3 report. The firm is positive on the fundamental outlook for U.S. steel. Jefferies increased Steel Dynamics’ free cash flow forecasts and points out the company emphasized it views buybacks as value accretive based on where the shares currently trade.
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Read More on STLD:
- Steel Dynamics Reports Strong Q3 2025 Results
- Steel Dynamics Reports Record Shipments and Strong Growth
- Steel Dynamics: Strong Financial Performance and Strategic Advancements Drive Buy Rating
- Steel Dynamics reports Q3 EPS $2.74, consensus $2.63
- Steel Dynamics reports record steel shipments of 3.6M tons in Q3