Nucor Corporation upgraded by KeyBanc, shares trade below recent targets
24.06.2026 - 10:45:05 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-24, 10:38.
Nucor Corporation (US6703461052) draws fresh analyst attention this week. The NYSE-listed steel producer was upgraded by KeyBanc to Overweight from Sector Weight with a new price target of 274 US dollars, according to an Investing.com report.KeyBanc upgrade coverage on Investing.com
What the KeyBanc upgrade says
KeyBanc’s note comes after Nucor shares fell more than 10 percent over the past six trading days, while the S&P 500 slipped less than 1 percent in the same period, as Investing.com highlights.Investing.com article on Nucor and steel pricing The stock recently traded below 240 dollars following Nucor’s mid-quarter guidance for the second quarter of 2026.
KeyBanc argues that steel pricing should continue to rise at least through August 2026 and projects Nucor’s 2026 Steel Mills shipments to increase nearly 10 percent year over year.KeyBanc steel pricing outlook The Overweight rating and 274 dollar target imply upside versus Monday’s close on the NYSE.
Consensus and recent earnings beat
Nucor’s own mid-quarter guidance pegs second quarter 2026 earnings between 4.70 and 4.80 dollars per diluted share, including an estimated 0.20 dollar non-cash benefit from an increase in the value of its investment in fusion developer Helion.Investing.com coverage of Nucor guidance Excluding that effect, adjusted earnings are expected to range from 4.50 to 4.60 dollars per share.
In the first quarter of 2026 Nucor reported earnings per share of 3.23 dollars, beating analyst forecasts of 2.82 dollars, with revenue reaching 9.5 billion dollars compared with expectations of 8.88 billion dollars, according to Investing.com’s data.Investing.com recap of Nucor’s first quarter Following that beat, BMO Capital lifted its price target for Nucor to 250 dollars from 235 dollars and reiterated an Outperform rating.
More news and data on the Nucor Corporation shares
Further articles, key figures and disclosures on Nucor Corporation are available in the dedicated topic section and on the company’s Investor Relations page.
The business behind the steel maker
Nucor’s core business is producing steel and steel products via electric arc furnace mini-mill operations across the United States. The group’s Steel Mills segment spans sheet, bar and structural mills, while the Downstream segment offers joists, decking and related construction products, as described in public company information.Nucor company overview Nucor also operates a Raw Materials segment that includes scrap processing and direct reduced iron facilities supporting its mills.
Where the Nucor shares trade today
Nucor Corporation shares (US6703461052) last closed on the NYSE at 239.76 US dollars on 2026-06-23 at 16:00 Eastern Time, according to TradingKey.TradingKey quote for Nucor (NUE) This level compares with the 250 dollar target from BMO Capital and the 274 dollar target set by KeyBanc.
Key data on the Nucor Corporation shares
- Company: Nucor Corporation
- ISIN: US6703461052
- WKN: 851918
- Ticker: NUE
- Trading venue: NYSE
- Price (as of 2026-06-23, 16:00): 239.76 USD
- Market cap: 54.57 billion USD (as of 2026-06-23)
- Sector / industry: Materials - Steel
- Index membership: S&P 500
- Next earnings date: 2026-07-18
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. All data are based on sources cited and are subject to change.
