KeyBanc cuts target for Nucor Corp stock to USD 286.00
Published on 10/06/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nucor Corp (ISIN US6703461052) was trading at EUR 224.25 at Lang & Schwarz on October 6, 2026 at 2:31 p.m. CEST, down 0.40 percent from the prior close of EUR 225.15. On October 5, 2026, KeyBanc lowered its Nucor price target from USD 288.00 to USD 286.00 while maintaining an Overweight rating, according to Investing.com. The 0.69 percent target reduction adds a cautious note before the next earnings report.
Third-quarter guidance sets the test
Nucor expects diluted earnings per share of USD 5.55-5.65 for the third quarter ending October 3, 2026, according to its September 17, 2026 release. The range is above the USD 2.63 reported for the third quarter of 2025, but the company also said the absence of a prior-period benefit will affect the comparison.
Nucor said the steel mills and steel products segments should post higher third-quarter earnings, while raw materials earnings are expected to decline. The company also highlighted higher average selling prices and stable steel-mill volumes as operating supports.
Second-quarter figures raise the bar
Nucor reported USD 10.40 billion in revenue and adjusted diluted earnings per share of USD 4.84 for the second quarter of 2026, compared with a USD 4.46 consensus estimate for adjusted earnings per share. Revenue was up 23.00 percent from the year-earlier quarter, according to MarketBeat. That comparison gives the third-quarter guidance a favorable historical base, while the lower target shows that analysts are still measuring execution against elevated expectations.
October 26 brings the next catalyst
Nucor plans to release third-quarter results after the market closes on October 26, 2026, with a conference call scheduled for October 27, 2026 at 10:00 a.m. ET. KeyBanc cited rising sheet prices and market-share gains from imports in its October 5 assessment, but its lower USD 286.00 target signals that the updated outlook does not remove all valuation pressure.
Stock trades below the prior close
Nucor stock was trading at EUR 224.25 at Lang & Schwarz on October 6, 2026 at 2:31 p.m. CEST, down 0.40 percent versus the Lang & Schwarz prior close of EUR 225.15. The finance snapshot placed Nucor's primary-market value at USD 57.3 billion and its 52-week range at USD 131.32 to USD 280.11 as of October 5, 2026.
The further course of trading is shown by the continuously updated real-time quote of Nucor Corp stock.
Nucor Corp stock facts
- Company: Nucor Corporation
- ISIN: US6703461052
- Ticker: NUE
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026, 2:31 p.m. CEST: EUR 224.25
- Change versus prior close: minus 0.40 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 225.15
- Market capitalization: USD 57.3 billion as of October 5, 2026
- 52-week range: USD 131.32-280.11 as of October 5, 2026
- Sector / Industry: Basic Materials / Steel
- Index membership: S&P 500
- Next earnings date: October 26, 2026
