BofA upgraded Steel Dynamics to Buy from Neutral with a price target of $155, up from $140. The firm cites greater benefit form the Sinton and Aluminum Dynamics projects and a slight increase to its 2025 HRC price forecasts. The firm sees Steel Dynamics garnering “relatively greater benefit” from higher HRC and coated steel prices and as “unique among peers” via its aluminum rolling mill project, the analyst added.
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