Steel Stocks Rebound: JPMorgan Lifts Ratings On Nucor, Steel Dynamics, US Steel
Steel Stocks Rebound: JPMorgan Lifts Ratings On Nucor, Steel Dynamics, US Steel
Following the pressure on shares of North America steel companies due to weakening fundamentals, they are now more attractively valued.
由於基本面疲軟，北美鋼鐵公司的股票承受壓力，現在它們的估值更具吸引力。
North American steel equities are now better positioned, with a potential improvement in the rate environment ahead and a stable post-election backdrop in 2025, according to JPMorgan.
摩根大通表示，北美鋼鐵股現在處於更有利的地位，未來利率環境可能會改善，2025年大選後的背景將保持穩定。
Analyst Bill Peterson upgraded the ratings for:
分析師比爾·彼得森上調了以下評級：
- Nucor Corp (NYSE:NUE) from Neutral to Overweight, while raising the price target from $170 to $174.
- Steel Dynamics Inc (NASDAQ:STLD) from Underweight to Neutral, while lifting the price target from $120 to $131.
- United States Steel Corporation (NYSE:X) from Neutral to Overweight, while raising the price target from $40 to $42.
- 紐柯公司（紐約證券交易所代碼：NUE）從 「中性」 上調至 「增持」，同時將目標股價從170美元上調至174美元。
- 鋼鐵動力公司（納斯達克股票代碼：STLD）從 「減持」 至 「中性」，同時將目標股價從120美元上調至131美元。
- 美國鋼鐵公司（紐約證券交易所代碼：X）從 「中性」 升至 「增持」，同時將目標股價從40美元上調至42美元。
Check out other analyst stock ratings.
查看其他分析師股票評級。
Nucor, Steel Dynamics and US Steel are likely to provide "timid outlook comments" next week, due to "lower lagged-contract pricing and hand-to-mouth buying more than offsetting easing scrap costs," Peterson said in a note.
彼得森在一份報告中說，紐柯、鋼鐵動力和美國鋼鐵公司下週可能會提供 「膽怯的前景評論」，原因是 「較低的滯後合約定價和口頭購買足以抵消寬鬆的廢品成本」。
Uncertainties related to Fed rates and election results are likely to be "a key overhang" on demand in the back half of the year, "likely resulting in further de-risking of consensus estimates," the analyst wrote.
這位分析師寫道，與聯儲局利率和選舉結果相關的不確定性可能是下半年需求的 「關鍵懸而未決」，「可能導致共識估計的風險進一步降低」。
Nucor and United States Steel are the best positioned for upside going into next year, according to Peterson. While both Nucor and Steel Dynamics have "strong product diversification," Peterson noted that the recent pullback in United States Steel's stock offers "an attractive buying opportunity on standalone valuation support."
彼得森表示，紐柯和美國鋼鐵公司最有可能在明年上漲。儘管紐柯和鋼鐵動力都有 「強勁的產品多元化」，但彼得森指出，美國鋼鐵公司股票最近的回調提供了 「在獨立估值支撐下有吸引力的買入機會」。
Price action at the time of publication Monday:
週一發佈時的價格走勢：
- Nucor's shares had climbed by 2.95% to $142.89
- Shares of Steel Dynamics had risen by 1.22% to $112.35
- United States Steel's stock had jumped by 4.00% to $32.52
- 紐柯的股價上漲了2.95％，至142.89美元
- Steel Dynamics的股價上漲了1.22％，至112.35美元
- 美國鋼鐵公司的股價上漲了4.00％，至32.52美元
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Photo: Unsplash
照片：Unsplash
譯文內容由第三人軟體翻譯。
