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Morgan Stanley Maintains Buy Rating on Nucor (NUE) Amid Bullish Outlook

By Sheryar Siddiq | July 29, 2025, 1:39 AM

Nucor Corporation (NYSE:NUE) ranks among the stocks to benefit from an onshoring boom. Morgan Stanley analyst Carlos De Alba kept Nucor Corporation (NYSE:NUE) at a Buy rating on June 20 and lowered the price target to $134. According to the analyst, the adjustment was based on Nucor’s optimistic earnings forecast for the second quarter of 2025.

Morgan Stanley Maintains Buy Rating on Nucor (NUE) Amid Bullish Outlook
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The company’s adjusted earnings per share projections, which range from $2.55 to $2.65, came in significantly greater than the market’s forecasts, surpassing both the consensus estimate and Morgan Stanley’s forecast.

The outlook was further supported by Nucor’s planned earnings growth across its steel mills, steel products, and raw materials segments, as well as its strategic share repurchase program.The company’s performance is also viewed with optimism due to the anticipated rise in average selling prices (ASPs) and volumes, as well as lower expenses.

Nucor Corporation (NYSE:NUE) specializes in the production of steel and related products. It is known as the largest scrap recycler in North America and the largest steel producer in the United States.

While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.

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