JPMorgan Boosts Commercial Metals Price Target to $54, Maintains Neutral Rating

Monday, Jul 14, 2025 9:30 am ET1min read

JPMorgan has raised its price target for Commercial Metals (CMC) to $54 from $52, maintaining a Neutral rating. Analysts attribute the increase to steel prices and the Trump administration's emphasis on protectionism and national security, which is prompting a valuation premium for U.S. mills. The average brokerage recommendation is 2.6, indicating a "Hold" status.

JPMorgan Boosts Commercial Metals Price Target to $54, Maintains Neutral Rating

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