Movement Alert｜Nucor Corporation Rises 3.02% in Regular Trading, Multiple Institutions Initiate Coverage with Overweight Ratings

Market Focus05-26 22:37

On May 26, Nucor Corporation rose 3.02% in regular trading, trading at $239.48/share, with trading volume of $74.30 million.

On the news front, Barclays initiated coverage on Nucor with an Overweight rating and a price target of $270, while CICC Research also initiated coverage with an Outperform rating and a $263 target. According to FactSet, the consensus analyst rating on Nucor is Overweight, with an average price target of approximately $251.71, implying further upside from the current level.

Within the Steel & Iron sector where Nucor belongs, peers broadly rallied. Among individual stocks, Steel Dynamics up 3.99%, Cleveland-Cliffs up 3.43%, ArcelorMittal SA up 3.22%, Reliance Steel & Aluminum up 1.38%, Vale SA up 0.21%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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