Commercial Metals price target raised to $85 from $78 at Jefferies

Jefferies raised the firm’s price target on Commercial Metals (CMC) to $85 from $78 and keeps a Buy rating on the shares. Commercial Metals reported Q1 EBITDA of $317M, exceeding consensus expectations on stronger-than-expected shipment volumes driven by a favorable domestic market, the analyst tells investors in a research note. Management emphasized near-term priorities of ramping organic growth, integrating recent acquisitions, paying down debt, and delivering a significant portion of planned cost savings in FY26, the firm adds.