AllAnalyst Report
logoArgusMarch 19, 2021

Nucor Corporation: Upgrading to BUY with $85 target

Symbols
NUE
Sector(s)
Basic Materials
Rating
Current Price
$175.42
Price Target
Earnings Estimate
Summary

Founded in 1940 and based in Charlotte, North Carolina, Nucor Corp. is a manufacturer of steel and steel products and North America's largest steel recycler. The company's three main operating units are Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled steel products, including angles, rounds, flats, channels, sheet, wide-flange beams, and cold-rolled steel products. Steel Products provides steel joists and joist girders, steel deck, fabricated concrete-reinforcing steel, cold-finished steel, steel fasteners, steel grating, and metal and wire mesh. The Raw Materials segment produces direct-reduced iron (DRI); brok

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist
At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.