Dahlman Rose Reaffirms Buy on Steel Dynamics (STLD)

Dahlman Rose is out with its report today on Steel Dynamics STLD, reaffirming Buy. In a note to clients, Dahlman Rose writes, "Steel Dynamics reported 1Q11 EPS above our and consensus estimates. Management anticipates increases in steel consumption to continue throughout the year in most key sectors. We are increasing our 2011 and 2012 EPS estimates. We maintain our $26 price target and reaffirm our Buy rating." At the time of posting, shares of STLD were trading pre-market at $18.92, up 2.49% from Tuesday's close.