Wells Fargo analyst Timna Tanners raised the firm’s price target on Nucor (NUE) to $194 from $184 and keeps an Overweight rating on the shares. The firm raises benchmark steel price forecasts to assume a higher value from sticky tariffs through Trump’s administration.
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Read More on NUE:
- Nucor Names New Chief Financial Officer and EVP
- Nucor announces $4B share repurchase program
- Nucor names Jack Sullivan as CFO, succeeding Steve Laxton
- Trump Trade: Ford CEO, White House discussed China-U.S. car partnerships
- White House says no metal tariff changes unless Trump announces it, Reuters says
