Analysts Are Neutral on These Materials Stocks: Steel Dynamics (STLD), Hexcel (HXL)

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Analysts fell to the sidelines weighing in on Steel Dynamics (STLDResearch Report) and Hexcel (HXLResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Steel Dynamics (STLD)

In a report issued on June 16, Katja Jancic from BMO Capital maintained a Hold rating on Steel Dynamics, with a price target of $115.00. The company’s shares closed last Friday at $102.53.

According to TipRanks.com, Jancic is a 3-star analyst with an average return of 10.7% and a 78.6% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, GrafTech International, and United States Steel.

The word on The Street in general, suggests a Hold analyst consensus rating for Steel Dynamics with a $105.22 average price target, a 1.8% upside from current levels. In a report issued on June 16, Bank of America Securities also maintained a Hold rating on the stock with a $123.00 price target.

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Hexcel (HXL)

BMO Capital analyst John McNulty maintained a Hold rating on Hexcel on June 16 and set a price target of $74.00. The company’s shares closed last Friday at $72.11, close to its 52-week high of $75.47.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.9% and a 55.0% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, Westlake Chemical, and Chemours Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Hexcel with a $70.25 average price target.

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