Nucor price target raised to $190 from $170 at Jefferies

Jefferies analyst Christopher LaFemina raised the firm’s price target on Nucor (NUE) to $190 from $170 and keeps a Buy rating on the shares. The analyst notes that U.S. steel prices have risen in recent weeks as imports continue to decline and inventory levels fall, arguing that risk to consensus forecasts is “to the upside.”