Steel Dynamics downgraded at UBS after recent run-up

2 hours ago 1
Steel coil transport

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Steel Dynamics (STLD) -2% in Tuesday's trading as UBS downgraded shares to Neutral from Buy with a $165 price target, after shares have jumped 22% since August in a move almost entirely multiple-driven with FY 2026 EBITDA estimates up just 1%.

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