{
Steel Dynamics Inc

Companies

}
ubs downgrades steel stocks amid weak earnings and pricing pressures
UBS has downgraded Nucor Corp and Steel Dynamics to "neutral" from "buy," and Commercial Metals to "sell," citing less attractive risk-reward dynamics after a recent rally. The downgrades follow weak third-quarter earnings and disappointing fourth-quarter guidance amid ongoing pricing and demand pressures in the U.S. steel sector. UBS anticipates a recovery in demand and prices by 2025, but warns of risks, particularly for first-quarter estimates, influenced by a higher yield curve post-election.
Investing.com
Commercial Metals Company Nucor Corp Steel Dynamics Inc USA Show more
Finance & Economy, Market Report
17:50 12.12.2024
UBS Downgrades Steel Stocks Amid Weak Earnings and Pricing Pressures
UBS has downgraded Nucor Corp and Steel Dynamics to "neutral" from "buy," and Commercial Metals to "sell," citing less favorable risk-reward dynamics after a recent rally. The downgrades are attributed to weak Q3 earnings, disappointing Q4 guidance, and ongoing pricing pressures in the U.S. steel sector. While UBS anticipates a demand recovery by 2025, risks remain, particularly for first-quarter estimates, with price targets set at $149 for Steel Dynamics, $156 for Nucor, and $56 for Commercial Metals.
investing.com
Steel Dynamics Inc Nucor Corp Commercial Metals Company USA Show more
TradFi, Market Report
17:47 12.12.2024
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