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Fly News Breaks for July 24, 2019
Jul 24, 2019 | 08:34 EDT
BofA Merrill Lynch analyst Timna Tanners downgraded Steel Dynamics to Neutral from Buy after the company reported EPS that missed consensus and came in on the low end of its guidance, noting that shipments "were surprisingly weak in long products." The analyst, who sees the recent rally in prices losing steam, has a $34 price target on Steel Dynamics shares.
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