Commercial Metals Company Stock Soars 12.04% on Analyst Upgrade

Before the BellMonday, Jun 2, 2025 5:37 am ET
1min read

On June 2, 2025, Commercial Metals Company (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, JPMorgan Chase & Co. initiated coverage on Commercial Metals, 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.

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.