Citigroup Maintains Neutral on Nucor, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking maintains a Neutral rating on Nucor (NYSE:NUE) and raises the price target from $160 to $180.
July 27, 2023 | 3:19 pm
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NEUTRAL IMPACT
Citigroup analyst Alexander Hacking maintains a Neutral rating on Nucor and raises the price target.
Citigroup is mentioned as the entity providing the rating and price target for Nucor. This news doesn't directly impact Citigroup's stock but reflects on its market analysis capabilities.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Nucor and raises the price target from $160 to $180.
The news is directly about Nucor and its rating by Citigroup. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100