JP Morgan Maintains Neutral on Nucor, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains a Neutral rating on Nucor (NUE) and lowers the price target from $195 to $190.

April 24, 2024 | 3:25 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Nucor and lowers the price target from $195 to $190.
The adjustment in price target by JP Morgan reflects a recalibration of expectations for Nucor, likely due to market conditions or company performance. However, maintaining a Neutral rating suggests that the analyst sees neither significant upside nor downside risks in the short term, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100