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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100