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Nucor: Analysts’ Views amid High Steel Prices

Mark O'Hara
Updated
Nucor: Analysts’ Views amid High Steel Prices

Nucor (NUE) has received a “strong buy” rating from four analysts, while seven analysts have a “buy” or some equivalent rating on the stock. The remaining five analysts polled by Thomson Reuters on June 8 rate Nucor as a “hold.” The stock carries a mean consensus target price of $76.25, which represents 14.0% upside over its closing price on June 8. In comparison, U.S. Steel Corporation (X) has gained 5.9%, while AK Steel (AKS) has fallen 17.0% for the year.

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