KeyBanc cuts target for Nucor Corp stock to USD 286
Published on 10/08/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- KeyBanc cut its Nucor target from USD 288 to USD 286 on October 5, 2026, while keeping an Overweight rating.
- Nucor guided third-quarter 2026 earnings to USD 5.55-5.65 per diluted share, above adjusted second-quarter earnings of USD 4.84.
- The Lang & Schwarz quote was EUR 221.45 on October 8, 2026 at 4:29 p.m. CEST, plus 0.59 percent versus the October 7 prior close.
- Nucor is scheduled to publish third-quarter results on October 26, 2026, followed by a conference call on October 27, 2026.
Nucor Corp (ISIN US6703461052) was trading at EUR 221.45 at Lang & Schwarz on October 8, 2026 at 4:29 p.m. CEST, up 0.59 percent versus the prior close of EUR 220.15 on October 7, 2026. On October 5, 2026, KeyBanc cut its target for Nucor from USD 288 to USD 286 while keeping an Overweight rating, as reported by Markets Insider.
Three dated signals for Nucor
On July 27, 2026, MarketBeat reported Nucor's second-quarter earnings of USD 4.84 per share against a USD 4.46 consensus and revenue of USD 10.40 billion against USD 10.15 billion expected. On September 17, 2026, Nucor issued third-quarter guidance of USD 5.55-5.65 per diluted share, compared with adjusted second-quarter earnings of USD 4.84, in its Nucor release. On October 5, 2026, KeyBanc lowered the target from USD 288 to USD 286, the latest of the three dated signals.
What does the guidance mean for earnings?
The guidance points to higher earnings in Nucor's steel mills and steel products segments, supported by higher average selling prices, stable volumes and stronger realized pricing, according to Nucor on September 17, 2026. The comparison is less straightforward than the headline range suggests: the company said second-quarter earnings included a USD 0.20 per share non-cash benefit from the higher valuation of its Helion investment.
Nucor also identified a USD 130 million cash refund tied to prior-period raw-material procurement costs in the second quarter. The company said a similar benefit was not expected in the third quarter, while raw-material segment earnings were expected to decline on lower pricing and shipments.
Two dates set the next test
Nucor plans to release third-quarter results after the market close on October 26, 2026, then hold a conference call at 10:00 a.m. ET on October 27, 2026, according to its September 17 release. Those dates put the USD 5.55-5.65 guidance range against the reported operating mix and the missing one-off benefits from the prior quarter.
Stock remains below its yearly high
The Lang & Schwarz quote of EUR 221.45 on October 8, 2026 at 4:29 p.m. CEST stood 0.59 percent above the EUR 220.15 prior close from October 7, 2026. On the NYSE, Nucor trades under ticker NUE, and its 52-week range was USD 131.32 to USD 280.11 as of October 8, 2026; market capitalization was USD 56.7 billion on the same date. 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
- WKN: 851918
- Ticker: NUE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 4:29 p.m. CEST): EUR 221.45
- Change versus prior close: plus 0.59 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 220.15
- Market capitalization: USD 56.7 billion (as of October 8, 2026)
- 52-week range: USD 131.32-280.11 (as of October 8, 2026)
- Sector / Industry: Industrials / Steel
- Index membership: S&P 500
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
