Deutsche Bank Upgrades Nucor (NUE) to Buy
Get Alerts NUE Hot Sheet
Price: $172.76 -1.08%
Rating Summary:
15 Buy, 13 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
15 Buy, 13 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Deutsche Bank upgraded Nucor (NYSE: NUE) from Hold to Buy with a price target of $52.00.
Analyst Jorge Beristain said, “We upgrade Nucor to a Buy (from Hold) on valuation upside (+42% including dividends) following 3Q15 decrease in share price. Additionally lower anticipated scrap costs offset the impact of lower steel prices. Our PT multiple of 7.5x (unchanged) implies a PT of $52.”
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 $38.00 yesterday.
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