Jefferies Cuts Numbers on Commercial Metals (CMC)

June 18, 2012 8:01 AM EDT Send to a Friend
Get Alerts CMC Hot Sheet
Price: $16.10 +1.71%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
Trade CMC Now!
Join SI Premium – FREE
Jefferies cut estimates and its price target on Hold-rated Commercial Metals Company (NYSE: CMC) from $16 to $14.

The firm cited deterioration in steel/scrap pricing and a more cautious outlook for global demand.

Q3 EPS goes from $0.35 to $0.32 and FY12 EPS goes from $1.15 to $1.05.

For an analyst ratings summary and ratings history on Commercial Metals Company click here. For more ratings news on Commercial Metals Company click here.

Shares of Commercial Metals Company closed at $12.05 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment