Nucor inches up after BMO raises PT on strong growth outlook
Shares of Nucor NUE.N marginally up at $140 premarket
BMO Capital lifts PT to $155 from $145, a premium of 11% to the stock's last close; rating unchanged at "outperform"
Says co's Q2 EPS guidance raise last month was driven by stronger sheet and plate pricing, along with improved performance at its steel mills segment
Brokerage adds that co's Q3 outlook is less certain amid softer demand for sheet products and ongoing tariff uncertainty
Further says co's steel mills segment profitability to increase significantly sequentially on higher-average selling prices at its sheet and plate mills
11 of 16 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is $148.21- data compiled by LSEG
As of last close, stock had risen 19.7% YTD
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