Analyst Sathish Kasinathan from Bank of America Securities maintained a Buy rating on Commercial Metals Company (CMC – Research Report) and increased the price target to $60.00 from $55.00.
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Sathish Kasinathan has given his Buy rating due to a combination of factors, including the anticipated improvement in Commercial Metals Company’s (CMC) financial performance in the upcoming quarter. Despite a miss in Q3’25 results, the company is expected to see enhanced earnings in Q4’25, driven by higher metal margins in North America and improving market conditions in Europe. The ongoing success of the Transform, Advance, and Grow (TAG) program is projected to provide significant financial benefits, exceeding $100 million annually, further supporting the Buy rating.
Additionally, CMC is poised to benefit from a recent $60 per short ton rebar price increase by U.S. domestic mills, which is gaining traction. The company is also expected to receive a $28 million boost from EU CO2 credits, adding to the positive outlook for Q4’25 EBITDA. With the U.S. Section 232 tariffs increase and potential support from trade cases against certain imports, CMC’s long steel products are well-positioned for growth, reinforcing the Buy recommendation.
According to TipRanks, Kasinathan is ranked #5103 out of 9607 analysts.