Nucor price target raised to $200 from $175 at Argus

Argus raised the firm’s price target on Nucor to $200 from $175 and keeps a Buy rating on the shares. The firm is positive on Nucor as a “well-run company with a strong track record in its industry” and believes that it is poised to take advantage of megatrends such as the rebuilding of U.S. infrastructure, the transition to alternative energy sources, and manufacturing onshoring, the analyst tells investors in a research note.