JP Morgan has decided to maintain its Neutral rating of Nucor (NYSE:NUE) and lower its price target from $146.00 to $125.00.
Shares of Nucor are trading up 2.2% over the last 24 hours, at $114.73 per share.
A move to $125.00 would account for a 8.95% increase from the current share price.
About Nucor
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
