Wells Fargo analyst Timna Tanners lowered the firm’s price target on Nucor (NUE) to $176 from $178 and keeps an Overweight rating on the shares. The firm notes management’s Q4 guide was lighter than its cautious estimates, but it thinks investors will look through near-term weakness hurt by contract lags for 80% of its sheet shipments. Wells forecasts further price strength and market share gains from falling imports supporting 2026.
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