JP Morgan Upgrades Nucor to Overweight, Raises Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Nucor (NYSE:NUE) from Neutral to Overweight and increased its price target from $170 to $174, indicating a positive outlook on the stock.
September 09, 2024 | 12:10 pm
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JP Morgan analyst Bill Peterson has upgraded Nucor from Neutral to Overweight and raised the price target from $170 to $174, suggesting a positive short-term outlook for the stock.
The upgrade from Neutral to Overweight by JP Morgan, along with a raised price target, indicates increased confidence in Nucor's performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100