Citi Reiterates Buy Rating on Nucor (NUE)

September 30, 2024 4:05 PM EDT
Get Alerts NUE Hot Sheet
Price: $230.74 -2.48%

Rating Summary:
    19 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 50
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Citi analyst Alexander Hacking reiterated a Buy rating and $240.00 price target on Nucor (NYSE: NUE).

The analyst comments "We update our NUE model to reflect 3Q guidance. Our 3Q Adj. EPS estimate is set at $1.38 (down from $1.76) vs guidance of $1.30-$1.40. 2025E EBITDA is unchanged. We rate NUE at Buy."

For an analyst ratings summary and ratings history on Nucor click here. For more ratings news on Nucor click here.

Shares of Nucor closed at $150.13 yesterday.



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