Nucor Corporation (NYSE:NUE) is one of the 15 Best Stocks to Buy for the Medium Term. Wells Fargo upgraded Nucor to Overweight and raised its price target to $167. The firm cited higher US steel price forecasts for 2026, expecting a 12% increase in EBITDA to $5.1 billion.

In Q3 of 2025, Nucor raised its CapEx guidance to $3.3 billion due to accelerated project spending. The company now supplies over 95% of steel products used in data centers, including specialized products like racks for data centers and doors for warehouses.

Nucor focuses on turning bulk steel into specialized products like data center racks and warehouse doors, which have higher margins and resilient demand. The company manufactures and sells a wide range of steel products, including sheet, plate, bar, and structural steel.

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Read more at Yahoo Finance: Wells Fargo Upgrades Nucor (NUE) to Overweight, Raises Price Target to $167