06:00 AM EDT, 10/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $22 to $160, as we value STLD at an EV/EBITDA of 8.0x our 2026 EBITDA estimate, in line with the peer-group average and a premium to STLD's three-year average forward EV/EBITDA of 7.5x. We raise our 2025 EPS estimate by $0.03 to $8.44 and our 2026 EPS forecast by $0.33 to $12.70. Our estimate revisions reflect STLD's strong Q3 results, with record steel shipments and expanding metal spreads resulting in 33% sequential operating income growth. The aluminum facility's ahead-of-schedule customer qualifications and first biocarbon shipments demonstrate successful execution of strategic initiatives. We maintain our Hold rating despite positive momentum given persistent near-term headwinds. Customer inventory overhangs and order hesitancy from trade policy uncertainty continue to pressure demand visibility. While favorable trade rulings on coated steel and declining imports support the outlook, we expect a gradual rather than sharp demand recovery.