Research Alert: CFRA Maintains Hold Opinion On Shares Of Commercial Metals Company
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CFRA maintains a Hold opinion on Commercial Metals Company (CMC) shares, lowering the 12-month target price to $63. FY 26 EPS estimate is reduced to $6.80, and FY 27 EPS forecast to $7.14. CMC's fundamentals are supported by infrastructure investments and industrial reshoring. Management expects $165-$175M EBITDA from the precast platform, with integration on schedule. Net leverage improved to 2.3x, aiming for a 2x target. The West Virginia micro mill is set to start in June 2026.
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