Steel Dynamics, Inc. (STLD) Misses Q2 EPS by 1c

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Steel Dynamics (STLD) PT Goes to $25 at Jefferies on Severstal Deal

July 23, 2014 10:15 AM EDT

Jefferies analyst Luke Folta raised his price target on Buy-rated Steel Dynamics (NASDAQ: STLD) to $25.00 (from $21.00) after the company announced $1.6B acquisition of Severstal's Columbus mill and its positive outlook following 2Q14.

"While not in our model until closing, we estimate EPS/FCF... More