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

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. 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.