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Nucor price target lowered to $140 from $146 at Wells Fargo

Wells Fargo lowered the firm’s price target on Nucor (NUE) to $140 from $146 after management’s lower guidance than expected, which hurts 2026 view. Wells stays at Equal Weight and prefers Steel Dynamics (STLD) for greater leverage to its view that sheet prices rebound into year end.

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