What Analysts Are Saying About Nucor Stock
Portfolio Pulse from Benzinga Insights
Over the past three months, 7 analysts have evaluated Nucor (NYSE:NUE) with mixed opinions. The average 12-month price target has dropped by 4.39% to $186.43. Recent analyst actions include multiple downgrades and lowered price targets, reflecting cautious sentiment towards Nucor's stock.
July 16, 2024 | 6:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Nucor (NYSE:NUE) has seen a mixed set of analyst ratings over the past three months, with a notable 4.39% drop in the average 12-month price target to $186.43. Recent downgrades and lowered price targets from multiple analysts suggest a cautious outlook on the stock.
The article highlights a series of downgrades and lowered price targets for Nucor, indicating a cautious sentiment among analysts. The 4.39% drop in the average 12-month price target further supports a negative short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100