{
Nucor Corp

Companies

}
UBS Downgrades Steel Companies Citing Deteriorating Industry Outlook
UBS has issued a double downgrade for Commercial Metals Company (CMC), lowering its rating from Buy to Sell, reflecting a bearish outlook on the steel industry. The firm also downgraded Steel Dynamics (STLD) and Nucor (NUE) to Neutral, citing a less compelling risk-reward profile for the sector.
Yahoo Finance
Steel Dynamics, Inc. Nucor Corp Commercial Metals Company USA Angel Agnes Smith Show more
TradFi, Market Report
22:03 12.12.2024
ubs downgrades steel companies citing balanced risk reward profile
UBS has issued a double downgrade for Commercial Metals Company (CMC), lowering its rating from Buy to Sell, reflecting a bearish outlook on the steel industry. The firm also downgraded Steel Dynamics (STLD) and Nucor (NUE) to Neutral, citing a less compelling risk-reward profile for the sector.
Yahoo Finance
Commercial Metals Company Steel Dynamics, Inc. Nucor Corp USA Angel Smith Show more
Finance & Economy, Market Report
22:03 12.12.2024
ubs downgrades steel stocks amid weak earnings and pricing pressures
UBS has downgraded Nucor Corp and Steel Dynamics to "neutral" from "buy," and Commercial Metals to "sell," citing less attractive risk-reward dynamics after a recent rally. The downgrades follow weak third-quarter earnings and disappointing fourth-quarter guidance amid ongoing pricing and demand pressures in the U.S. steel sector. UBS anticipates a recovery in demand and prices by 2025, but warns of risks, particularly for first-quarter estimates, influenced by a higher yield curve post-election.
Investing.com
Commercial Metals Company Nucor Corp Steel Dynamics Inc USA Show more
Finance & Economy, Market Report
17:50 12.12.2024
UBS Downgrades Steel Stocks Amid Weak Earnings and Pricing Pressures
UBS has downgraded Nucor Corp and Steel Dynamics to "neutral" from "buy," and Commercial Metals to "sell," citing less favorable risk-reward dynamics after a recent rally. The downgrades are attributed to weak Q3 earnings, disappointing Q4 guidance, and ongoing pricing pressures in the U.S. steel sector. While UBS anticipates a demand recovery by 2025, risks remain, particularly for first-quarter estimates, with price targets set at $149 for Steel Dynamics, $156 for Nucor, and $56 for Commercial Metals.
investing.com
Steel Dynamics Inc Nucor Corp Commercial Metals Company USA Show more
TradFi, Market Report
17:47 12.12.2024
Nucor and Steel Dynamics Shares Drop After UBS Downgrades to Neutral
Shares of Steel Dynamics (STLD) and Nucor Corp (NUE) fell by 5% and 4%, respectively, following UBS's downgrade of both companies to "neutral." UBS cited weak fundamentals for STLD and limited near-term upside, lowering its price target for STLD from $145 to $149 and NUE from $171 to $156. Prior to the downgrade, NUE shares had dropped 20%, while STLD had seen a 13% increase since the start of the year.
Boursorama
United States Dollar Steel Dynamics, Inc. Nucor Corp USA
TradFi, Market Report
16:49 12.12.2024
ubs downgrades steel dynamics nucor and commercial metals company
UBS has downgraded its ratings for Steel Dynamics, Nucor, and Commercial Metals Company. This decision reflects a shift in the financial outlook for these companies within the steel industry. Investors should consider the implications of this downgrade on their portfolios.
msn.com
United States Dollar Commercial Metals Company Steel Dynamics, Inc. Nucor Corp USA Show more
Finance & Economy, Market Report
14:38 12.12.2024
UBS downgrades Steel Dynamics Nucor and Commercial Metals Company stocks
UBS has downgraded several steel companies, including Steel Dynamics and Nucor, to Neutral, while Commercial Metals Company has been downgraded to Sell. The analysts believe Steel Dynamics' stock will take a "breather" following its recent outperformance.
Seeking Alpha
Commercial Metals Company Steel Dynamics, Inc. Nucor Corp USA Show more
Finance & Economy, Market Report
14:17 12.12.2024
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