BMO Capital Maintains Market Perform on Nucor, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic maintains a Market Perform rating on Nucor (NYSE:NUE) but lowers the price target from $175 to $160.

September 18, 2024 | 1:06 pm
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BMO Capital has maintained its Market Perform rating on Nucor but has lowered the price target from $175 to $160, indicating a more cautious outlook.
The lowering of the price target from $175 to $160 by BMO Capital suggests a less optimistic view on Nucor's future performance, which could lead to a short-term negative impact on the stock price. The Market Perform rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
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IMPORTANCE 80
RELEVANCE 100