UBS Upgrades Nucor to Buy with $190 Price Target
ByAinvest
Thursday, Mar 26, 2026 11:10 am ET1min read
NUE--
Nucor Corp. (NUE) was upgraded to Buy by UBS with a $190 price target after a recent 7.65% pullback. Q1 2026 guidance of $2.70–$2.80 EPS is stronger than Q4's $1.73 miss, with backlogs up nearly 40% YoY in the steel mills segment and import market share falling due to Section 232 tariffs. U.S. steel producers face minimal direct exposure to the Iran conflict, and Nucor benefits from federally supported infrastructure spending.
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