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Nucor (NUE) PT Lowered to $75 at Jefferies; Reiterates Buy
April 21, 2017 7:33 AM EDTJefferies lowered its price target on Nucor (NYSE: NUE) to $75.00 (from $77.00) while maintaining a Buy rating. NUE generated $0.44/sh in FCF during Q1, despite substantial working capital consumption. Management's outlook suggests further sequential improvement in 2Q given improved metal spreads in its Steel Mills... More
