"UBS analyst Andrew Jones upgraded Nucor Corp to Buy from Neutral, raising the price target to $190 from $184, citing a recent pullback as a compelling entry point."
"Nucor shares have pulled back 7.65% over the past month, sitting at $165.17, 17.35% below their 52-week peak of $196.90, following a disappointing Q4 2025 report."
"Management projects full-year 2026 steel mill shipments to rise approximately 5% versus 2025, driven by data centers, energy infrastructure, and advanced manufacturing."
UBS analyst Andrew Jones upgraded Nucor Corp to Buy, raising the price target to $190. The stock has recently pulled back, creating a favorable entry point. Nucor is seen as insulated from the Iran conflict, with expected growth in a supportive pricing environment. Despite a recent decline in stock value, management projects improved earnings for Q1 2026. Structural tailwinds, including reduced steel import market share and increased backlogs, support the positive outlook for Nucor's performance in 2026.
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