BofA raised the firm’s price target on Nucor (NUE) to $180 from $165 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NUE:
- EU to warn against U.S. expanding scope of steel tariffs, Bloomberg reports
- Berkshire Hathaway takes new position in Alphabet, cuts stake in Apple
- 3 Best Dividend Aristocrat Stocks to Buy Now, 11/14/2025
- Wells Fargo more bullish on Nucor, upgrades to Overweight
- Nucor upgraded to Overweight from Equal Weight at Wells Fargo