Brokerages lower Nucor's PT on Q3 profit forecast
** Nucor NUE.N on Tuesday forecast Q3 profit below Wall Street estimates, citing lower average selling prices
** Morgan Stanley cuts NUE's price target to $170 from $176, to account for overall weakness in steel, scrap prices
** Still expect strong EPS with robust cash generation - Morgan Stanley
** BMO Research cuts PT to $160 from $175
** "While sheet prices have started to move higher, Nucor's weak Q3 update and relatively more unfavorable product mix resulted in us reducing near-term earnings estimates, PT" - BMO
** Eight brokerages rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is $171.21 - LSEG data
** YTD, stock has fallen 18.3%
Reporting by Aatreyee Dasgupta
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