BUZZ-PREVIEW: Steel Dynamics shares hit highest since June following upbeat guidance
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Steel Dynamicsshares rose 6.3% in late morning trading, reaching their highest level since June, following positive Q3 guidance. The company expects EPS between $2.60 and $2.64, with stronger profitability from steel operations compared to Q2. Analyst ratings include 11 "buy" or "strong buy" and four "hold". The median 12-month price target is $150, with the stock currently at $139.81, up 23% year-to-date, outperforming the Nasdaq's 15% gain.
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