In a report released yesterday, Lawson Winder from Bank of America Securities maintained a Buy rating on Nucor, with a price target of $150.00.
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Lawson Winder has given his Buy rating due to a combination of factors influencing Nucor’s performance and outlook. Despite a slight anticipated decline in earnings for the upcoming quarter, Nucor’s Q2’25 earnings per share exceeded consensus expectations from Bloomberg and Visible Alpha, although they were slightly below Bank of America’s estimates. The Steel Products and Raw Materials segments performed better than expected, which partially offset the lower performance in the Steel Mills segment due to reduced shipments.
Winder believes that Nucor is well-positioned to benefit from high flat-rolled steel prices and has a strong product mix that includes long products, which could provide stability in a volatile market. The company’s capital returns remain strong, with robust buybacks and dividends, even though the pace of buybacks has slowed compared to the previous quarter. Additionally, Nucor’s strategic focus on managing raw material costs and potential tariff impacts, along with its ongoing projects, supports the Buy rating as these factors could drive future growth and profitability.
Winder covers the Basic Materials sector, focusing on stocks such as New Gold, Alamos Gold, and Agnico Eagle. According to TipRanks, Winder has an average return of 13.0% and a 58.26% success rate on recommended stocks.
In another report released on July 14, J.P. Morgan also maintained a Buy rating on the stock with a $162.00 price target.