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NUE

Nucor

$47.12

0.58 (1.25%)

10:01
10/14/16
10/14
10:01
10/14/16
10:01

Nucor CEO John Ferriola named chairman of World Steel Organization

Nucor Corporation said that John Ferriola, its Chairman, CEO and President, was elected Chairman of the Board of Directors of the World Steel Association at the organization's 50th Annual Conference in Dubai, United Arab Emirates. Ferriola will serve as Chairman for a one-year term.

  • 20

    Oct

NUE Nucor
$47.12

0.58 (1.25%)

07/22/16
BREN
07/22/16
DOWNGRADE
BREN
Hold
Nucor downgraded to Hold from Buy at Berenberg
08/22/16
SBSH
08/22/16
INITIATION
Target $55
SBSH
Neutral
Nucor initiated with a Neutral at Citi
Citi analyst Alexander Hacking initiated Nucor with a Neutral and $55 price target.
08/22/16
08/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AK Steel (AKS) initiated with a Neutral at Citi and a Buy at Rosenblatt. 2. U.S. Steel (X) and Steel Dynamics (STLD) were initiated with a Buy at Citi while the firm initiated Nucor (NUE) and Commercial Metals (CMC) with a Neutral. 3. Pinnacle Entertainment (PNK) initiated with a Buy at BofA/Merrill. 4. Ferrellgas Partners LP (FGP) initiated with a Neutral at Piper Jaffray. 5. Kadmon (KDMN) initiated with an Outperform at JMP Securities, with a Neutral at Citi, and with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
BOFA
09/15/16
NO CHANGE
BOFA
BofA/Merrill cautious on US steel prices correcting into 2H 2016
BofA/Merrill analyst Timma Tanners is cautious on U.S. steel prices correcting into 2H 2016 and expects foreign tons to target the U.S. to shrink the U.S. premium. The analyst lowered Q4 HRC spot price to $520/st from $570/st and trimmed 2H 2016 volume assumptions due to inventory destocking and shorter lead times. As a result, Tanners lowered price target on U.S. Steel (X) to $16 from $21 , Reliance Steel (RS) to $78 from $84, Nucor (NUE) to $50 from $55, Steel Dynamics (STLD) to $27 from $28, and Commercial Metals (CMC) to $15 from $16.

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