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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:17 EDTNUENucor downgraded at Macquarie
As previously reported, Macquarie downgraded Nucor to Neutral from Outperform. The firm downgraded shares following weak Q2 guidance and reduced its price target to $52 from $57 due to a weaker earnings outlook.
News For NUE From The Last 14 Days
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October 17, 2014
08:48 EDTNUEBofA/Merrill global steel analysts hold analyst/industry conference call
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October 8, 2014
12:17 EDTNUENucor sees Gallatin Steel acquisition immediately accretive to cash flow
Nucor announced that it has closed on its purchase of all the equity of Gallatin Steel Company for approximately $770M. Adjusting for the net present value of the anticipated tax benefits, the realized effective purchase price for Nucor is approximately $630M. The purchase is expected to be immediately accretive to cash flow and accretive to earnings after working through purchase accounting-valued finished goods inventories.

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