Morgan Stanley Reiterates Equal-Weight on Nucor, Maintains $148 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an Equal-Weight rating on Nucor (NYSE:NUE) and maintained a $148 price target.
June 21, 2023 | 1:13 pm
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Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Nucor (NYSE:NUE) and maintained a $148 price target.
The news of Morgan Stanley reiterating an Equal-Weight rating on Nucor and maintaining a $148 price target is neutral for the stock. This rating suggests that the analyst believes Nucor's stock is fairly valued and is expected to perform in line with the market. As a result, the short-term impact on Nucor's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100