JP Morgan Maintains Overweight on Nucor, Lowers Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains an Overweight rating on Nucor (NYSE:NUE) but lowers the price target from $170 to $168.
October 23, 2024 | 5:35 pm
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JP Morgan's analyst Bill Peterson maintains an Overweight rating on Nucor but slightly lowers the price target from $170 to $168, indicating a positive outlook with minor adjustments.
The Overweight rating suggests a positive outlook for Nucor, but the slight reduction in the price target indicates some caution. The impact on the stock price is likely neutral in the short term as the overall sentiment remains positive.
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