Morgan Stanley Still Sees More Upside Ahead for Steel Dynamics, Inc.

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In a report published Friday, Morgan Stanley analyst Evan L. Kurtz reiterated an Overweight rating and $28.00 price target on
Steel Dynamics, Inc.STLD
. In the report, Morgan Stanley noted, "STLD shares reacted favorably to 1Q15 earnings guidance that exceeded buy-side consensus. STLD remains our Best Idea as we see further upside to our $28 price target as metal margins expand beyond current expectations in 2H15." Steel Dynamics, Inc. closed on Thursday at $19.76.
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Posted In: Analyst ColorReiterationAnalyst RatingsEvan L. KurtzMorgan Stanley
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