The Analyst Landscape: 6 Takes On Nucor
Portfolio Pulse from Benzinga Insights
In the past three months, six analysts have provided ratings for Nucor (NYSE:NUE), ranging from bullish to bearish. The average 12-month price target has decreased by 4.5% to $181.83. Recent analyst actions include multiple downgrades and lowered price targets.
August 15, 2024 | 2:00 pm
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NEGATIVE IMPACT
Nucor (NYSE:NUE) has received mixed analyst ratings over the past three months, with a notable decrease in the average 12-month price target by 4.5% to $181.83. Recent actions include multiple downgrades and lowered price targets from major firms like Morgan Stanley, JP Morgan, and B of A Securities.
The decrease in the average price target and multiple downgrades from major analyst firms suggest a bearish short-term outlook for Nucor. This could lead to a decline in stock price as investor sentiment may turn negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100