BMO Capital Maintains Market Perform on Commercial Metals, Raises Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst David Gagliano maintains a Market Perform rating on Commercial Metals (NYSE:CMC) and raises the price target from $56 to $58.
June 23, 2023 | 1:16 pm
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NEUTRAL IMPACT
BMO Capital maintains a Market Perform rating on Commercial Metals (NYSE:CMC) and raises the price target from $56 to $58.
The news of BMO Capital maintaining a Market Perform rating on Commercial Metals and raising the price target from $56 to $58 is neutral for the stock. The rating suggests that the stock is expected to perform in line with the market, and the price target increase indicates a slightly more optimistic outlook. However, this news is not expected to have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100