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Stock impact report

Wells Fargo Sees Pricing Recovery and Market Share Gains for Nucor (NUE) [Yahoo! Finance]

Nucor Corporation (NUE) 
Last nucor corporation earnings: 4/28 08:00 am Check Earnings Report
US:NYSE Investor Relations: nucor.com/investor
Company Research Source: Yahoo! Finance
On December 18, Wells Fargo analyst Timna Tanners lowered the price target on Nucor Corporation (NYSE:NUE) to $176 from $178 and kept an Overweight rating on the shares. Management's Q4 guidance came in lighter than the firm's already cautious view, largely due to contract timing that affects about 80% of sheet shipments. Even so, Wells expects investors to look past the near-term softness. The firm sees stronger pricing ahead and continued market share gains as lower imports support the setup for 2026. A new construction cycle is starting to lift the steel sector. During the third-quarter earnings call, Nucor's management pointed to “high-growth markets, like data center construction,” as a key driver that continues to support demand. Data centers are not the only source of long-term growth. Expansion plans are also coming from outside the tech space. Eli Lilly recently outlined plans for a third new facility as part of a broader push to build four new manufacturing plants in th Show less Read more
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