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Fly News Breaks for January 31, 2018
NUE
Jan 31, 2018 | 09:31 EDT
BMO Capital analyst David Gagliano raised his price target on Nucor to $72 after the company's Q4 earnings showed "higher realized price and margin assumptions for FY18/19" amid the ongoing improvements in fundamentals. The analyst keeps his Market Perform rating, adding that despite the expected benefits from pricing and free cash flow trends, the valuation is approaching the "higher end of fair value range".
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.
