{
}
UBS analyst Andrew Jones suggests that now is the time to buy leading U.S. steel stocks, particularly Nucor, as domestic steelmakers may gain a competitive edge due to tariffs on foreign imports. Despite recent declines, Nucor's strong cash position and potential for growth in a stabilizing tariff environment make it a compelling investment opportunity. The company reported a quarterly revenue of $7.08 billion, exceeding expectations, and is well-positioned to benefit from reshoring trends in the industry.
UBS upgraded Nucor's outlook from Neutral to Buy on March 24, 2025. Institutional ownership saw a slight increase, with 1,332 funds reporting positions, while total shares owned rose by 0.12% to 275,009K shares. Notably, State Farm and Vanguard funds reduced their allocations in Nucor over the last quarter.
UBS has upgraded Nucor and Steel Dynamics from neutral to buy, citing stronger-than-expected tariff protections for U.S. steel and aluminum, along with a rally in finished steel prices. Despite anticipating a decline in steel prices later this year due to reduced demand, the firm maintains a target of $160 for Nucor and $149 for Steel Dynamics, noting that reshoring efforts may help offset demand fluctuations.
Nucor and Steel Dynamics are experiencing a positive shift as UBS upgrades their ratings to Buy, driven by an optimistic outlook on rising steel prices. This upgrade reflects a growing confidence in the steel market's recovery and potential profitability for these companies.
UBS analysts upgraded shares of U.S. steelmakers Nucor and Steel Dynamics, citing a nearly 20% rise in steel prices following President Trump's 25% tariff on imports. Despite expectations for prices to eventually cool, analysts foresee elevated levels supported by higher costs and tariffs, even amid weak demand. They maintain a $149 price target for Steel Dynamics and raised Nucor's target to $160, indicating significant upside potential for both stocks.
UBS has upgraded Nucor and Steel Dynamics to Buy, citing increased U.S. steel trade protections and a positive price outlook, raising price targets to $160 and $149, respectively. Despite a recent drop in steel equities, UBS anticipates a recovery in demand and higher prices, projecting U.S. hot-rolled coil prices to average $800 per short ton by 2026-2028. The firm remains cautious on rebar and Commercial Metals Company due to expected supply growth pressures.
UBS has upgraded Nucor and Steel Dynamics to "Buy," citing strengthening US trade protections and higher price expectations for steel, while maintaining a "Neutral" stance on Commercial Metals Company. Price targets have been set at $160 for Nucor and $149 for Steel Dynamics, with expectations of US hot-rolled coil prices averaging $800 per short ton by 2026-2028, supported by tariff updates and rising scrap prices. Despite recent declines in the sector, UBS sees an attractive entry point for investors, anticipating a stabilization in demand and earnings growth through 2025.
Shares of U.S. steelmakers Nucor and Steel Dynamics rose 3.2% and 4%, respectively, following UBS's upgrade from "neutral" to "buy" and a revised price target for Nucor. UBS cites favorable tariff protections and strong earnings forecasts driven by increased demand and reduced competition, despite a potential slight decline in steel prices later in 2025.
Nucor and Steel Dynamics saw their shares rise by 4% and 3.2%, respectively, following an upgrade from UBS, which shifted both stocks to "buy" from "neutral." The brokerage highlighted tariff protections on U.S. steel and aluminum as a catalyst for potential increases in hot-rolled coil prices, alongside expectations of robust earnings for Nucor driven by rising demand and reduced competition. Despite a recent market selloff, UBS views this as an attractive entry point for investors, projecting strong cash returns from Steel Dynamics' growth initiatives.
UBS has upgraded Nucor (NYSE: NUE) from Neutral to Buy, setting a price target of $160.00. The firm believes that the recent sell-off presents a significant investment opportunity for shareholders.
Nucor Corp
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
time to invest in top steel stocks as market shifts
11:56 31.03.2025
ubs upgrades nucor to buy as institutional ownership shows mixed trends
16:32 25.03.2025
ubs upgrades nucor and steel dynamics on tariff protections and price rally
21:18 24.03.2025
Nucor and Steel Dynamics upgraded as steel price outlook improves
19:27 24.03.2025
ubs analysts upgrade steel stocks amid rising prices and tariff support
17:54 24.03.2025
ubs upgrades steel stocks on tariff support and positive price outlook
United States Dollar
Steel Dynamics, Inc.
Commercial Metals Company
Nucor Corp
CHN
USA
CAN
MEX
Show more
16:46 24.03.2025
ubs upgrades nucor and steel dynamics on tariffs and price expectations
Chinese Yuan
Canadian Dollar
United States Dollar
Steel Dynamics, Inc.
Commercial Metals Company
Nucor Corp
CHN
USA
CAN
MEX
Show more
16:16 24.03.2025
Nucor and Steel Dynamics shares rise after UBS upgrades tariff outlook
15:55 24.03.2025
Nucor and Steel Dynamics shares rise after UBS upgrade on tariffs
15:55 24.03.2025
ubs upgrades nucor to buy citing market sell off opportunity
14:05 24.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
Financial Scams and Security
CEO Changes
Global Trade Developments
Central Bank Actions
GDP Growth & Recession Forecasts
Government Policies
Hedge Funds & Private Equity
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Startups & Entrepreneurship
Workplace Trends
Domestic Politics
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Bank of America Corporation
Wells Fargo & Company
Apple Inc.
Citigroup Inc.
Barclays PLC
Morgan Stanley
Deutsche Bank Money Market PP
Lloyds Banking Group plc
Huawei Technologies CO. Ltd.
American Express Company
Credit Suisse Strategic Income I
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Berkshire Hathaway Inc.
Banco Santander, S.A.
Novartis AG
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Russian Ruble
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Hong Kong Dollar
Danish Krone
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
Mexican Peso
South Korean Won
People:
Donald Trump
Elon Musk
Michael J. Angelakis
Goldman Sachs
Troy L Rohrbaugh
Charlie Javice
Brad Schimel
Robin Leopold
Warren Buffett
Sara Wechter
Olivier Amar
Jennifer Piepszak
Anand Selvakesari
Jerome Powell
Mark Mason
Susan P. Crawford
Will Hardcastle
Kirsty Roth
Klaus Moosmayer
Karin Keller-Sutter