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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NUE:
- Nucor’s Strategic Positioning and Shareholder Value Initiatives Justify Buy Rating Despite Short-term Challenges
- Closing Bell Movers: Nucor slumps 5% after negative pre-announcement
- Nucor down 5% at $136.05 after below-consensus Q3 pre-announcement
- Nucor sees Q3 EPS $2.05-$2.15, consensus $2.63
- Nucor price target raised to $165 from $150 at BofA
