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Steel Dynamics Raises Target to $185, Expects Strong Q4 Amid Aluminum Losses
ByAinvest
Wednesday, Dec 3, 2025 3:01 pm ET1min read
Steel Dynamics (STLD) gained as Bank of America raised its price target to $185 from $155 while maintaining a Buy rating. The firm noted it is updating its price forecasts for North American metals and mining stocks under coverage. Steel Dynamics delivered a strong third-quarter 2025 performance, setting a record with 3.6 million tons of steel shipments and reporting revenues of $4.8 billion. Adjusted EBITDA came in at $664 million, supported by robust operating cash flow of $723 million.
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