Nucor (NYSE:NUE) Reaches New 1-Year High on Analyst Upgrade

Market Beat
2026.01.02 17:37
portai
I'm PortAI, I can summarize articles.

Nucor Corporation (NYSE:NUE) reached a new 52-week high of $168.70 after BNP Paribas Exane upgraded its price target from $165.00 to $185.00, maintaining an outperform rating. Other analysts, including Jefferies and Citigroup, also raised their price targets, contributing to a consensus rating of "Moderate Buy" with a target of $173.73. Insider transactions included sales by EVP John J. Hollatz and CFO Stephen D. Laxton. Institutional investors increased their stakes, with 76.48% of shares owned by them. Nucor reported $2.63 EPS for the last quarter, exceeding estimates.