Citigroup Maintains Neutral on Commercial Metals, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has maintained a Neutral rating on Commercial Metals (NYSE:CMC) and lowered the price target from $56 to $48.
October 16, 2023 | 3:46 pm
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NEGATIVE IMPACT
Citigroup has maintained a Neutral rating on Commercial Metals and lowered the price target from $56 to $48.
The lowering of the price target by Citigroup indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Commercial Metals' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100