12:35 PM EDT, 07/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $48 to $146, using an EV/EBITDA of 7.3x our 2026 EBITDA estimate, in line with NUE's three-year avg. forward EV/EBITDA. The biggest driver of our target price increase is our confidence in 2026 earnings growth and moving our multiple forward to 2026, when NUE should benefit from stronger steel prices amid elevated protectionism for the domestic steel market. We raise our 2025 EPS estimate by $0.90 to $8.42 and 2026 EPS forecast by $0.91 to $9.98. Our upgrade is supported by encouraging Q2 2025 earnings results across the steel sector that signal market stabilization. Steel Dynamics (STLD) reported a 39% sequential improvement in operating income and 19% increase in adjusted EBITDA as steel pricing stabilized at higher levels, with management noting that steel prices have found a floor with potential for upward movement. Cleveland-Cliffs (CLF) also showed sequential improvement in Q2, with management highlighting stabilizing pricing dynamics and improved demand visibility.