Goldman Sachs analyst Mike Harris raised the firm’s price target on Commercial Metals (CMC) to $76 from $69 and keeps a Buy rating on the shares post the fiscal Q3 report. The firm updated the company’s model to reflect improving margins and operating leverage.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMC:
- Core Scientific upgraded, HP downgraded: Wall Street’s top analyst calls
- Commercial Metals downgraded to Hold from Buy at Jefferies
- Commercial Metals price target raised to $64 from $63 at JPMorgan
- Commercial Metals (CMC) Earnings Call Highlights Strategic Growth
- Strategic Acquisitions and Strong Performance Justify Buy Rating for Commercial Metals Company