Commercial Metals Company ( (CMC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Commercial Metals Company’s stock is experiencing positive sentiment as analysts revise their price targets upwards. BofA has increased its target from $60 to $70, and UBS has raised its target from $48 to $56. These changes are driven by revised near-term forecasts and optimism in the materials sector, with analysts noting higher costs and demand in the steel industry as key factors for future earnings.
More about Commercial Metals Company
YTD Price Performance: 17.90%
Average Trading Volume: 977,303
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.47B
For further insights into CMC stock on TipRanks’ Stock Analysis page.
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