KeyBanc cuts target for Nucor Corp stock to USD 286.00

Published on 10/07/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nucor Corp stock costs EUR 221.65 on October 7, 2026 versus EUR 222.95. Third-quarter guidance is USD 5.55-5.65 per share for October 26.

Editorialfoto der klassizistischen Börsenfassade an der Wall Street mit amerikanischen Flaggen und Säulen — Nucor Corporation US6703461052 repräsentiert durch Börsen-Editorialfoto der klassischen NYSE-Fassade mit amerikanischen Flaggen und Säulen, Illustration mit AI erstellt.

Nucor Corp (US6703461052) stock costs EUR 221.65 at Lang & Schwarz on October 7, 2026 at 3:30 p.m. CEST, while KeyBanc cut its target from USD 288.00 to USD 286.00 on October 5, 2026, according to MarketBeat. The lower target adds a valuation counterpoint as the company approaches its next quarterly report.

KeyBanc trims the target

MarketBeat lists KeyBanc's October 5, 2026 action as a cut from USD 288.00 to USD 286.00, with the bank maintaining a Buy rating. The target change is modest in dollar terms, but it gives the stock a measurable near-term reference while steel pricing and demand remain central to Nucor's earnings outlook.

Guidance points to higher earnings

In its September 17, 2026 release, Nucor guided to third-quarter earnings of USD 5.55-5.65 per diluted share for the period ending October 3, 2026. The range is above the USD 5.04 of net earnings per diluted share reported for the second quarter of 2026 and the USD 2.63 reported for the third quarter of 2025.

The company also said steel mills and steel products earnings were expected to increase in the third quarter, while raw materials earnings were expected to decline. The comparison matters because the second quarter included a USD 130.00 million cash refund tied to earlier raw-material procurement costs, a benefit Nucor did not expect to repeat in the third quarter.

Report date sets the next test

Nucor plans to release its third-quarter results after the market close on October 26, 2026, followed by a conference call on October 27, 2026. The scheduled report will test whether higher average selling prices and stable steel mill volumes can offset weaker raw-material pricing and the missing refund.

Nucor's primary listing is the New York Stock Exchange under ticker NUE, according to Investing.com. The company operates steel mills, steel-products businesses and raw-material operations, with demand linked to construction, automotive, energy and infrastructure.

Stock remains below its yearly high

Nucor's primary-exchange quote was USD 247.59 on October 7, 2026 at 1:34 p.m. UTC, while its USD 131.32 to USD 280.11 52-week range places the latest U.S. price 11.61 percent below the high. Market capitalization stood at USD 56.4 billion on the same date.

At Lang & Schwarz, Nucor stock was trading at EUR 221.65 on October 7, 2026 at 3:30 p.m. CEST, down EUR 1.30 or 0.58 percent versus the prior close of EUR 222.95 at Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of Nucor Corp stock.