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Commercial Metals Company Stock Soars 12.04% on Analyst Upgrade
Generated by AI AgentBefore the Bell
Monday, Jun 2, 2025 5:37 am ET1min read
On June 2, 2025,
(CMC) experienced a significant surge in its stock price, rising by 12.04% in pre-market trading. This notable increase has sparked interest among investors and analysts alike, who are closely monitoring the company's performance and future prospects.One of the key factors contributing to the recent surge in CMC's stock price is the upgrade by analyst Timna Tanners, who has rated the company as a 'Buy' and highlighted its potential as a relative outperformer in the steel industry. This positive outlook has likely influenced investor sentiment, leading to increased buying activity and driving the stock price higher.
Additionally,
initiated coverage on , assigning a 'neutral' rating and setting a price target of $52.00. While this rating may not be as bullish as the 'Buy' rating from Tanners, it still indicates a level of confidence in the company's future performance and potential for growth.
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