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Fly News Breaks for March 2, 2016
News For NUE From the Last 2 Days
NUE
Apr 16, 2024 | 15:40 EDT
Metals & Mining Analyst Englert, along with Rye Druzin of Argus Media, discuss recent flat rolled steel pricing, supply and demand trends, and the near-term outlook for fundamentals (relevant companies ASTL CLF NUE STLC STLD X RS WS) on an Analyst/Industry conference call to be held on April 19 at 11 am.
NUE
Apr 16, 2024 | 07:03 EDT
JPMorgan raised the firm's price target on Nucor to $195 from $180 and keeps a Neutral rating on the shares. The analyst expects improved earnings quarter-over-quarter in Q1 on higher realized lagged contract pricing and seasonally stronger shipments, namely for sheet products. The firm feels integrated steel mills could see better than expected auto shipments offset weak service center activity while mini mills should see further easing in downstream earnings driven by both seasonality and realized pricing yet to stabilize.
