Nucor (NUE) Tops Q2 EPS by 3c; Sees Strong Q3 Earnings
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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
