Nucor inches up after BMO raises PT on strong growth outlook

Nucor

10/07/2025 13:16

** Shares of Nucor NUE.N marginally up at $140 premarket

** BMO Capital lifts PT to $155 from $145, a premium of 11% to the stock's last close; rating unchanged at "outperform"

** Says co's Q2 EPS guidance raise last month was driven by stronger sheet and plate pricing, along with improved performance at its steel mills segment

** Brokerage adds that co's Q3 outlook is less certain amid softer demand for sheet products and ongoing tariff uncertainty

** Further says co's steel mills segment profitability to increase significantly sequentially on higher-average selling prices at its sheet and plate mills

** 11 of 16 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is $148.21- data compiled by LSEG

** As of last close, stock had risen 19.7% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))