CHARLOTTE, N.C., June 3, 2024 /PRNewswire/ -- Nucor Corporation announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of hi ...

UBS downgraded Nucor (NUE) on weaker earnings. "The 3Q24 report and 4Q24 guide negatively surprised us and we see ~27% downside risk to consensus EBITDA in 1Q25 & ~16% in 2025," the analysts said.

Unlike Nucor, Steel Dynamics is up 8% so far this year. Lastly, Commercial Metals faced the most bearish outlook, downgraded to ‘Sell’ from ‘Buy’ with a price target of $56, down from $62.

Wells Fargo analyst Timna Tanners maintained a Hold rating on Nucor on August 13 and set a price target of $145.00. The company’s shares closed last Friday at $145.41. Take advantage of TipRanks ...

Steel Stocks Worth a Look A few stocks currently worth considering in the steel space are Nucor Corp., ArcelorMittal S.A., Olympic Steel, Inc., Commercial Metals Co. and TimkenSteel Corp.

Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65 by 5.21% and represents a 22.25% decrease from earnings of $4.45 per share year-over-year ...

CHARLOTTE, N.C., June 3, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of high-speed, ...