KeyBanc lowered the firm’s price target on Worthington Steel (WS) to $32 from $34 on FY25-FY27 estimate revisions, while keeping an Overweight rating on the shares. The firm is also reducing its FY25 EBITDA to $203M on near-term automotive demand headwinds, and reducing its FY26 EBITDA is $240M and its FY27 EBITDA to $285M on lower-near term automotive demand somewhat lower galv spreads.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WS: