Nucor Reports Results for Second Quarter and First Half of 2016
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Berenberg Downgrades Nucor (NUE) to Hold
July 22, 2016 7:52 AM EDTBerenberg downgraded Nucor (NYSE: NUE) from Buy to Hold with a price target of $57.50 on valuation.
Analyst Alessandro Abate commented, "We downgrade Nucor to Hold on valuation grounds after raising our 2017E EBITDA to $2.4bn (+2.9%) as our higher hot-rolled coil (HRC) flat... More
Nucor (NUE) Tops Q2 EPS by 3c; Sees Strong Q3 Earnings
July 21, 2016 9:23 AM EDTNucor (NYSE: NUE) reported Q2 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $4.25 billion versus the consensus estimate of $4.5 billion.
Nucor said: We expect further strong improvement in earnings in the third quarter of 2016.... More
