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Fly News Breaks for September 15, 2017
NUE
Sep 15, 2017 | 11:12 EDT
Citi analyst Alexander Hacking attributes Nucor's weaker Q3 guidance to higher scrap prices, weaker plate demand and the DRI outage in Louisiana. The miss was widely anticipated and the stock is trading down less than 1%, Hacking tells investors in a research note. The analyst feels now is the time to buy the stock. He keeps a Buy rating on Nucor with a $65 price target.
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.
NUE
Apr 23, 2024 | 18:35 EDT
NUE
Apr 23, 2024 | 11:57 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
NUE
Apr 23, 2024 | 10:25 EDT
JPMorgan US Clean Tech/Metals & Mining Analyst Peterson and CFO Laxton hold a 1Q24 earnings follow-up conference call to be held on April 23 at 2 pm hosted by JPMorgan. Webcast Link
