KeyBanc Reiterates Overweight Rating on Worthington Steel Inc (WS)

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September 26, 2024 2:02 PM UTC
Get Alerts WS Hot Sheet
Price: $37.53 -2.44%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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KeyBanc analyst Philip Gibbs reiterated an Overweight rating and $40.00 price target on Worthington Steel Inc (NYSE: WS).

The analyst commented, "Following Worthington Steel's 1Q25 (August) results, we are adjusting estimates while maintaining our Overweight rating and $40 price target. We remain intrigued by WS's operational execution, upward migration in normalized profit metrics, and valuation. We believe that a potential longer-term range for the stock is $40-$50 assuming favorable execution on growth initiatives."

For an analyst ratings summary and ratings history on Worthington Steel Inc click here. For more ratings news on Worthington Steel Inc click here.

Shares of Worthington Steel Inc closed at $35.94 yesterday.


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