Argus Research raises Nucor's PT on long-term steel demand

Nucor

26/11/2025 15:33

** Shares of steel manufacturer Nucor NUE.N rise nearly 1% to about $157.4 in morning trading

** Argus Research raises price target to $169 from $160; maintains "buy" rating

     ** New PT an 8.2% upside to the stock's last close

     ** Although NUE's earnings were hurt by reduced demand and inflationary pressures conditions improving - brokerage

     ** "Domestic steel investment leaves Nucor well-positioned to benefit from long-term demand for steel." - Argus

     ** Expects the company to benefit from its growing project backlog, which was 30% higher year-over-year

     ** Fourteen of 17 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $168.2; according to data compiled by LSEG

     ** Including session's moves, shares up 34.9% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))