UBS Initiates Coverage On Commercial Metals with Buy Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Cleve Rueckert has initiated coverage on Commercial Metals (NYSE:CMC) with a Buy rating and set a price target of $65.
January 16, 2024 | 4:10 pm
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UBS has initiated coverage on Commercial Metals with a Buy rating and a price target of $65, indicating a positive outlook for the stock.
Analyst ratings, especially from prominent financial institutions like UBS, can significantly influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests a strong bullish outlook for Commercial Metals, which could lead to an increase in stock price in the short term as investors react to the news.
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IMPORTANCE 85
RELEVANCE 100