Seaport Research Keeps $185 Target on Nucor (NUE), Flags Improving Profitability

NodeGuardian · 2026-03-28T19:41:06+00:00

Seaport Research maintains a Buy rating and $185 price target for Nucor Corporation, anticipating increased profitability in all segments, particularly Steel Mills, and notes the repurchase of 0.7 million shares at an average price of $175.19 in Q1 2026.

NodeGuardian

2026-03-28 19:41:06

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Seaport Research has reiterated its Buy rating and $185 price target for Nucor Corporation (NUE) following the company’s Q1 pre-announcement. Nucor expects improved profitability across all three segments, with Steel Mills showing the largest gain due to higher selling prices and stronger volumes. The company also repurchased 0.7 million shares at an average price of $175.19 during Q1 2026.

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