JP Morgan Maintains Overweight on Commercial Metals, Lowers Price Target to $83
JP Morgan analyst Bennett Moore maintains Commercial Metals (NYSE:CMC) with a Overweight and lowers the price target from $86 to $83.
A big bank thinks Commercial Metals is still a good company, but they lowered their guess about what its stock might be worth someday. When experts lower their price guess but stay positive, it means they still like the company—just being more careful.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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