JP Morgan Upgrades Nucor to Neutral, Announces $151 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Glick has upgraded Nucor (NYSE:NUE) from Underweight to Neutral and announced a price target of $151.
October 16, 2023 | 2:04 pm
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Nucor's stock has been upgraded by JP Morgan from Underweight to Neutral, with a new price target of $151.
The upgrade from JP Morgan is a positive signal for Nucor. It indicates that the analyst believes the company's stock is likely to perform in line with the market or better. The new price target of $151 also suggests potential upside for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100