BofA raised the firm’s price target on Nucor (NUE) to $250 from $190 and keeps a Buy rating on the shares. Q1 adjusted EPS of $3.23 was a beat versus guidance, as well as BofA and consensus estimates, the analyst noted. Following the report, the firm marked-to-market Q2 steel pricing, lifted its 2026 EPS forecast to $15.14 from $12.85, and sees higher 2026-2027 cash generation, the analyst added.
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