-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将STLD的12个月目标价上调7美元至203美元，因为我们预计STLD的EV/EBITDA将达到我们2027年EBITDA预估值的8.5倍，高于STLD过去三年平均预期EV/EBITDA 8.1倍，也高于同业平均预期EV/EBITDA 7.6倍。我们将STLD 2026年每股收益（EPS）预期上调0.82美元至14.78美元，并将2027年每股收益预期上调1.12美元至16.73美元。 STLD第一季度业绩显示，钢铁出货量创下360万吨的历史新高，价格也有所改善。然而，鉴于估值方面的担忧，我们下调了该股评级。目前，STLD的股价较同行溢价25%，且接近其三年预期EV/EBITDA区间（4.5倍-10.8倍）的峰值。尽管铝业务的产能提升展现出强劲的长期增长前景，管理层也设定了铝业务周期内EBITDA达到6.5亿至7亿美元的目标，但第一季度6500万美元的亏损凸显了执行方面的风险。过去一个月，STLD股价上涨35%，目前接近52周高点。鉴于股价已基本反映了铝业务的增长机遇和钢铁行业的良好基本面，我们认为其上涨空间有限。
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