Nucor shares face short-term pressure after Freedom Broker downgraded the stock to Hold, citing Q3 guidance that fell significantly short of the $7.54 per share estimate.
Freedom Broker downgraded Nucor to Hold and lowered its price target after Q3 guidance midpoint of $5.60 came in below both the analyst's estimate and Street expectations.
Freedom Broker downgraded Nucor Corporation (NUE) from Buy to Hold, slashing its price target to $285 from $305. The move follows Q3 earnings guidance of $5.60 per share, which missed both analyst estimates and Street expectations. Despite the downgrade, Nucor maintains strong operational momentum with record steel mill shipments and consistent capital returns to shareholders.
The downgrade was driven by Nucor's Q3 2026 earnings guidance midpoint of $5.60 per share, which significantly trailed the analyst's $7.54 estimate and broader market expectations.