JP Morgan Maintains Overweight on Nucor, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains an Overweight rating on Nucor (NYSE:NUE) but lowers the price target from $174 to $170.
October 09, 2024 | 8:41 pm
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JP Morgan's analyst Bill Peterson continues to rate Nucor as Overweight, indicating a positive outlook, but has slightly reduced the price target from $174 to $170, suggesting a minor adjustment in expected performance.
The Overweight rating suggests a positive outlook for Nucor, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
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IMPORTANCE 80
RELEVANCE 100