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KeyBanc's Gibbs Cuts Rating On Nucor Corp After New Guidance

2016-02-29 20:52:20| Steel - Topix.net

KeyBanc Capital Markets' Philip Gibbs downgraded the rating for Nucor Corporation from Overweight to Sector Weight, while removing the price target. He expressed concern regarding the company's lackluster 1Q outlook, higher scrap costs, weaker plate/bar pricing, and higher corporate SG&A.

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