UBS Initiates Coverage On Commercial Metals with Buy Rating, Announces Price Target of $63
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Cleve Rueckert has initiated coverage on Commercial Metals (NYSE:CMC) with a Buy rating and a price target of $63.
July 11, 2023 | 9:28 am
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UBS has initiated coverage on Commercial Metals with a Buy rating and a price target of $63, which could positively impact the company's stock.
The initiation of coverage by UBS with a Buy rating indicates a positive outlook for Commercial Metals. The price target of $63 suggests a potential upside, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100