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57% Of Vetr Top Raters Still Bearish On Steel Dynamics, But Recently Upgraded Shares

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Commodity stocks remain hotly contested among bulls and bears, and a notable steel stock was upgraded among the Vetr crowd.

Vetr top raters upgraded Steel Dynamics, Inc. (NASDAQ: STLD)'s stock rating to 3.5 stars out of a possible five-star rating. In fact, shares of Steel Dynamics have risen to $22.37 since the prior rating of three stars was issued just 10 days ago.

Related link: Here's how crowdsourced ratings can beat the market.

Despite an upgrade, the Vetr crowd remains mixed on the stock's attractiveness as 57 percent of the crowd's ratings are bearish. Meanwhile, the crowd sourced price target of $23.35 implies a potential upside of 3 percent.

Latest Ratings for STLD

DateFirmActionFromTo
Jul 2019MaintainsOutperform
Jul 2019DowngradesBuyNeutral
Jun 2019MaintainsBuy

View More Analyst Ratings for STLD
View the Latest Analyst Ratings

Posted-In: Commodity StocksAnalyst Color Commodities Crowdsourcing Markets Analyst Ratings Trading Ideas General

 

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