Analyst Carlos De Alba of Morgan Stanley maintained a Buy rating on Nucor (NUE – Research Report), reducing the price target to $134.00.
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Carlos De Alba has given his Buy rating due to a combination of factors, primarily driven by Nucor’s strong earnings guidance for the second quarter of 2025. The company has projected adjusted earnings per share (EPS) significantly above market expectations, with a range between $2.55 and $2.65, surpassing both the consensus estimate and Morgan Stanley’s own forecast.
Additionally, Nucor’s strategic share repurchase program and anticipated earnings growth across its steel mills, steel products, and raw materials segments further support the positive outlook. The expected increase in average selling prices (ASPs) and volumes, along with reduced costs, contribute to the optimism surrounding the company’s performance. These factors collectively underpin Carlos De Alba’s confidence in Nucor’s potential to outperform in the market.
In another report released on June 18, BMO Capital also maintained a Buy rating on the stock with a $145.00 price target.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NUE in relation to earlier this year.