Commercial Metals Company (CMC) Stock Still Strong Despite Competition

Exane BNP Paribas raised the price target for the Commercial Metals Company (NYSE:CMC) stock from ‘a Neutral’ to ‘an Outperform’. The rating was released on January 21, 2023, according to finviz. The research report from JP Morgan has upgraded the stock from Neutral to Overweight, with a price target set at $42. The stock was initiated by Wolfe Research, who disclosed in a research note on November 17, 2021, to Outperform and set the price objective to $41. In their research brief published October 06, 2021, Goldman analysts upgraded the Commercial Metals Company stock from Sell to Neutral with a price target of $33.