Nucor: Time To Build A Position For The Next Cycle In The Megatrend (Rating Upgrade)
Portfolio Pulse from
Nucor Corporation (NUE) has been upgraded to a BUY rating with a price target of $152/share. The upgrade is driven by supportive tariffs and strong market outlooks in key industries. Nucor's long-term growth is expected to benefit from megatrends like nearshoring, data center construction, and power transmission.
February 13, 2025 | 1:15 pm
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POSITIVE IMPACT
Nucor has been upgraded to a BUY rating with a price target of $152/share. The company is expected to benefit from supportive tariffs and strong market outlooks in key industries, as well as megatrends like nearshoring and data center construction.
The upgrade to a BUY rating and a specific price target of $152/share indicates a positive outlook for Nucor. The supportive tariffs and strong market outlooks in key industries suggest potential growth. Additionally, the company's focus on high-value-added products and alignment with megatrends like nearshoring and data center construction further support the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100