Citigroup Upgrades Nucor to Buy, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking upgraded Nucor (NYSE:NUE) from Neutral to Buy and increased the price target from $180 to $240.

March 13, 2024 | 10:10 am
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Citigroup upgraded Nucor from Neutral to Buy and raised the price target to $240.
The upgrade from Neutral to Buy by a major financial institution like Citigroup, accompanied by a significant increase in the price target, is a strong positive signal for Nucor's stock. This suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100