Analyst Sentiments on Commercial Metals Reveal Diverse Perspectives

Commercial Metals (CMC) has been analyzed by 6 analysts in the last 3 months. Analysts' sentiments range from bullish to bearish, with a total of 0 bullish and bearish ratings. The average 12-month price target is $54.58, up 5.78% from the previous average. Analysts' evaluations reveal diverse perspectives, with recent updates including raises and lowers from firms such as UBS, JP Morgan, and Morgan Stanley.

Commercial Metals (CMC) has been under the microscope of six analysts in the past three months, revealing a diverse range of perspectives ranging from bullish to bearish. Notably, the total number of bullish and bearish ratings stands at zero, indicating a balanced view among analysts. The average 12-month price target for CMC has increased to $54.58, a 5.78% rise from the previous average, signaling a slight upward trend in analysts' expectations.

Recent analyst evaluations have shown varied updates, with some firms raising their price targets while others have lowered them. UBS, for instance, raised its neutral rating to $56.00 from $48.00, while JP Morgan also raised its neutral rating to $54.00 from $52.00. Morgan Stanley, on the other hand, lowered its equal-weight rating to $53.00 from $48.00 and BMO Capital lowered its market perform rating to $55.00 from $57.00.

These evaluations provide a snapshot of analysts' perceptions of CMC's current state, reflecting their reactions to recent market conditions and company performance. Analysts' ratings and price targets offer valuable insights for investors, helping them make informed decisions about CMC's stock.

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/08/47103456/6-analysts-have-this-to-say-about-commercial-metals