BofA raised the firm's price target on Nucor (NUE) to $290 from $265 and keeps a Buy rating on the shares. Ahead of the Q2 guidance releases anticipated next week from Nucor and Steel Dynamics (STLD), the firm marks-to-market its Q2 steel price forecasts and updates estimates for its North American steel and metal service centers coverage, noting that its price targets in the group increased by 9% on average.
