KeyBanc analyst Samuel McKinney assumed coverage of Worthington Steel (WS) with an Overweight rating with a price target of $46, down from $47. The firm is refreshing its 2026 outlook on U.S. carbon steel equities post recent due diligence and its Q1 proprietary Sheet on the Street survey. KeyBanc’s estimate changes for Q1 and 2026 are mixed, with an intact view of nicely improved year-over-year profitability for the sector via pricing/spreads.
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