Nucor price target raised to $156 from $140 at Credit Suisse

Credit Suisse analyst Curt Woodworth raised the firm’s price target on Nucor to $156 from $140 and keeps an Outperform rating on the shares. Nucor guided Q1 EPS broadly in line with the firm’s estimates, though shy of consensus owing to less favorable intercompany eliminations/tax benefits, the analyst tells investors in a research note. The firm sees strong earnings momentum heading into Q2 driven by pricing strength and strong end market demand.