Credit Suisse Downgrades Steel Dynamics To Neutral, Shares Fall

Analysts at Credit Suisse downgraded Steel Dynamics

from Outperform to Neutral. The target price for Steel Dynamics is set to $23. Steel Dynamics shares have surged 46.91% over the past 52 weeks, while the S&P 500 index has gained 20.02% in the same period. Steel Dynamics' shares fell 0.34% to $23.22 in pre-market trading.