Analysts Conflictied on These Materials Names: Alcoa Inc. (NYSE: AA) and Nucor Corp. (NYSE: NUE)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Alcoa Inc. (NYSE: AA) and Nucor Corp. (NYSE: NUE).

Alcoa Inc. (NYSE: AA)

Alcoa Inc. (NYSE: AA) received a Hold rating from BMO Capital analyst David Gagliano today. The company’s shares closed yesterday at $23.

According to TipRanks.com, Gagliano is a 3-star analyst with an average return of 1.2% and a 46.7% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Westmoreland Coal Company, and Cloud Peak Energy Inc.

Currently, the analyst consensus on Alcoa Inc. is Moderate Buy and the average price target is $42, representing an 82.6% upside.

In a report released yesterday, Macquarie also initiated coverage with a Hold rating on the stock with a $21 price target.
Nucor Corp. (NYSE: NUE)

Berenberg Bank analyst Alessandro Abate upgraded Nucor Corp. (NYSE: NUE) to Buy today. The company’s shares closed yesterday at $47.83.

Abate has an average return of 14.7% when recommending Nucor Corp..

According to TipRanks.com, Abate is ranked #584 out of 4173 analysts.

Nucor Corp. has an analyst consensus of Moderate Buy.