JP Morgan Maintains Neutral on Nucor, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has maintained a Neutral rating on Nucor (NYSE:NUE) and increased the price target from $151 to $158.
December 12, 2023 | 4:40 pm
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NEUTRAL IMPACT
JP Morgan has maintained a Neutral rating on Nucor while raising the price target from $151 to $158.
The increase in price target by JP Morgan suggests a positive outlook on Nucor's future performance, but the maintained Neutral rating indicates that the analyst does not see significant short-term movement. This could lead to a neutral short-term impact on the stock as the market digests this information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100