Nucor price target raised to $147 from $140 at Wells Fargo

Wells Fargo analyst Timna Tanners raised the firm’s price target on Nucor (NUE) to $147 from $140 and keeps an Equal Weight rating on the shares. The firm says that after a solid Q3 and lower Q4 guide its price target rises to reflect solid data center demand and ability to take share from imports. Wells sees muted construction demand and remains on the sidelines.