Cleveland-Cliffs and Nucor Shine: Goldman Bets Big on U.S. Steel Growth [Yahoo! Finance]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Yahoo! Finance
Nucor ( NYSE:NUE ). Analyst Mike Harris' is bullish on the back structural drivers such fiscal stimulus and favorable trade policies as well as cyclical elements including consistent demand and decreasing interest rates. The biggest flat-rolled steel manufacturer in North America, Cleveland-Cliffs gains from a completely integrated manufacturing process and a significant concentration in automotive-grade steel. Completing recently, its $2.8 billion acquisition of Stelco adds to its capacity. Goldman cited expected synergies from Stelco, value-adding projects, and cost-cutting efforts of the company as drivers of expansion. Warning! GuruFocus has detected 5 Warning Signs with CLF. From these initiatives, Harris expects margin expansion of 410 basis points by 2026 and a $600 million annual earnings boost. With a $16 price target, he gave a "Buy" rating representing 24% upside from current levels. Largest U.S. steelmaker Nucor is positioned to profit from little demand from industrie
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News
- U.S. Steel (X) Surges 9.5%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- 1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever [Yahoo! Finance]Yahoo! Finance
- US Steel Forecasts Weaker Earnings on ‘Depressed' Prices [Yahoo! Finance]Yahoo! Finance
- Nucor (NUE) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at Citigroup Inc. from $240.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
NUE
Earnings
- 10/21/24 - Miss
NUE
Sec Filings
- 11/22/24 - Form 4/A
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- NUE's page on the SEC website