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Fly News Breaks for March 23, 2016
NUE
Mar 23, 2016 | 06:15 EDT
Deutsche Bank analyst Jorge Beristain downgraded Nucor to Hold citing the recent rally in the shares. The analyst does not expect incrementally positive data from China to continue as he still believes supply cuts across most commodities are required. Beristain raised his price target for the shares to $50 from $48.
News For NUE From the Last 2 Days
NUE
Apr 24, 2024 | 09:54 EDT
BMO Capital lowered the firm's price target on Nucor to $200 from $210 and keeps a Market Perform rating on the shares after its Q1 earnings miss. Following nine consecutive quarters of beating expectations, Nucor's results and outlook disappointed, while its Q2 results are also expected to moderate sequentially, the analyst tells investors in a research note. Nucor remains well-positioned to benefit from positive longer-term demand tailwinds, but its capex spending elevated, BMO adds.
