Earnings and M&A catalysts have added sheen to Steel Dynamics, Inc. STLD shares. Citing these two catalysts, KeyBanc Capital Markets upgraded shares of Steel Dynamics and raised its earnings per share estimates for the company. As such, the firm upgraded shares of Steel Dynamics from Sector Weight to Overweight with a $44 price target. SourceStochastics are overbought, the upside is over. The price will go down to the lower edge of the rising channel.