RDUS Similar Chart Price Prediction
The price of RDUS is predicted to go up -5.75%, based on the high correlation periods with DKL. The similarity of these two price pattern on the periods is 91.86%.
RDUS
DKL
Down: -5.75%Similarity: 91.86%
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RDUS Analyst's Forecast
Mike Harris
Goldman Sachs
Hold
2024-12-02
Price Target
$22
Upside
+11.9%
Goldman Sachs initiated coverage of Radius Recycling with a Neutral rating and $22 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in a research note. The firm is more positive given its belief that both cyclical and structural factors could drive earnings growth for the domestic steel industry despite a weaker global backdrop. Goldman believes the U.S. steel industry and the stocks are near or at the trough of the current cycle.
