Nucor Invites You to Join Its First Quarter of 2016 Conference Call on the Web

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Jefferies Raises Price Target on Nucor (NUE) to $56; Expecting Strong Improvement QoQ

April 22, 2016 9:10 AM EDT

Jefferies reiterated a Buy rating on Nucor (NYSE: NUE), and raised the price target to $56.00 (from $53.00), following the company's 1Q earnings report. NUE reported EPS of $0.22, slightly below consensus of $0.28, but within company guidance range of $0.20-0.25. However, management expects significantly improved results... More