Deutsche Bank Maintains a 'Buy' on Nucor (NUE); Beneficiary of Construction Market Recovery

Deutsche Bank maintains a 'Buy' on Nucor (NYSE: NUE) price target of $47.00.

Deutsche analyst says, "Nucor is one of the largest steel producers in North America with annual steelmaking capacity of 26+m tpy. It produces bar, structural and sheet products, and Nucor is #1 in longs and #3 in sheets in the region. The company also produces downstream steel products, including steel joists and decking, and it is the largest scrap recycler in North America. The company maintains a diversified steel portfolio and a highly variable cost structure. It is also a leading beneficiary of a construction market recovery as it materializes in the coming years."

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 $41.86 yesterday.

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