Morgan Stanley initiated coverage of Commercial Metals (CMC) with an Equal Weight rating and $65 price target Commercial Metals is “well positioned” to capitalize on incremental rebar demand from a U.S. infrastructure and reshoring push, but valuation remains high and new rebar supply threatens to compress margins, the analyst tells investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
