KeyBanc lowered the firm’s price target on Worthington Steel (WS) to $38 from $46 and keeps an Overweight rating on the shares. Following the company’s disappointing Q3 results/our analysis and the stock declining about 15%, the firm is cutting its FY26 EPS on persistently tight galvanized spreads and reducing its FY27 on more gradual spread recovery and somewhat lower volumes after 2026 MSCI has gotten off to a difficult start.
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