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Steel Dynamics Downgraded to Neutral by UBS Amid Recent Rally
ByAinvest
Tuesday, Nov 4, 2025 2:46 pm ET1min read
Steel Dynamics (STLD) shares fell 2% on Tuesday after UBS downgraded them to Neutral from Buy with a $165 price target. The downgrade comes after the company's 22% surge in August, driven largely by multiple expansion rather than changes in earnings estimates, which have only increased by 1% for FY 2026.
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