Morgan Stanley Upgrades Nucor to Overweight, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has upgraded Nucor (NYSE:NUE) from Equal-Weight to Overweight while lowering the price target from $187 to $176.
August 15, 2024 | 9:23 am
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POSITIVE IMPACT
Morgan Stanley has upgraded Nucor from Equal-Weight to Overweight, indicating a more positive outlook on the stock. However, the price target has been lowered from $187 to $176.
The upgrade to Overweight suggests that Morgan Stanley sees more potential upside in Nucor's stock, which is a positive signal for investors. However, the lowered price target indicates some caution regarding the stock's near-term performance. Overall, the upgrade is likely to have a positive short-term impact on NUE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100