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Enter Symbol:
 
Steel Dynamics, Inc. (STLD) [hlAlert]

Rating:
Neutral STLD
down 4.81 %

Steel Dynamics, Inc. (STLD) downgraded to Neutral by Longbow

Posted on: Wednesday,  Feb 22, 2012  9:25 AM ET by Longbow

Longbow rated Neutral Steel Dynamics, Inc. (NASDAQ: STLD) on 02/22/2012. Previously Longbow rated Buy Steel Dynamics, Inc. (NASDAQ: STLD) on 01/26/2012.,
when the stock price was $16.20. Since then, Steel Dynamics, Inc. has lost 4.81% as of 02/22/2012's recent price of $15.42.
If you would have followed the previous Longbow's recommendation on STLD, you would have lost 4.81% of your investment in 27 days.

Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company's customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/22/2012 9:25 AM Hold
None
15.42
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  17.26 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2012 9:25 AM Buy
None
16.20 18.00
9/30/2011 9:25 AM Buy
None
10.09 15.00
9/21/2010 9:25 AM Hold
None
14.70
5/13/2010 9:25 AM Buy
None
15.60 20.00
10/29/2007 9:25 AM Hold
None
26.84
7/5/2007 9:25 AM Buy
None
22.68 27.50

(*) Stock Price at the time of the recommendation.
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