Morgan Stanley Maintains Equal-Weight on Nucor, Lowers Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Equal-Weight rating on Nucor (NYSE:NUE) but lowered the price target from $162 to $154.
October 31, 2023 | 12:38 pm
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Morgan Stanley has maintained an Equal-Weight rating on Nucor but lowered the price target from $162 to $154.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Nucor in the short term as it indicates a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100