The Fly

Nucor price target raised to $145 from $120 at UBS

UBS analyst Andreas Bokkenheuser raised the firm’s price target on Nucor to $145 from $120 and keeps a Neutral rating on the shares as part of a broader research note on Americas Steel. Elevated profitability continues to support shareholder cash returns while falling raw materials costs also add further support to metal spreads, the analyst tells investors in a research note.

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