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Fly News Breaks for October 19, 2018
STLD
Oct 19, 2018 | 09:00 EDT
BMO Capital analyst David Gagliano lowered his price target on Steel Dynamics to $53 after its in-line Q3 results, noting that Q4 should decline sequentially due to lower prices and seasonally lower volumes. The analyst also keeps his Outperform rating longer term, maintaining his view that the company is "well positioned to benefit from a higher for longer steel pricing cycle".
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