STLD Gets Street Backing Despite Lower-Than-Estimated Q3 Guidance – Wells Fargo Remains Constructive On Margin Upside
Steel Dynamics expects stronger third-quarter steel profitability, driven by record shipments and wider metal margins, while metals recycling earnings are projected to decline sequentially. Wells Fargo cited free cash flow optionality and potential steel/aluminum margin upside despite trimming estimates. Koyfin data show a mixed analyst view, with seven analysts rating STLD ‘Buy,’ two ‘Strong Buy,’ … Read more