Steel Dynamics price target raised to $231 from $195 at BofA

BofA raised the firm’s price target on Steel Dynamics (STLD) to $231 from $195 and keeps a Buy rating on the shares after the company reported Q1 EPS slightly above its mid-March guidance and largely in-line with BofA and consensus estimates. The firm, which updated its model for Q1 results and mark-to-market Q2 prices, now sees full year 2026 EPS of $16.14, up from a $14.25 prior forecast.