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Jefferies Raises Numbers on Commercial Metals (CMC), Keeps Hold

March 29, 2012 7:07 AM EDT
Get Alerts CMC Hot Sheet
Price: $58.77 +1.15%

Rating Summary:
    10 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies raised estiamtes and its price target on Commercial Metals Company (NYSE: CMC) form $14 to $16 but kept its Hold rating.

"We came away from CMC's call somewhat less enthused than after our first read following its explanation of the drivers of the beat in Intl. M&D (not expected to continue) and detail regarding its fabrication outlook. Net net, our F2H12 EPS increased given expected lower losses in Fab, though our out-year forecast and thesis is unchanged."

FY12 EPS goes from $0.81 to $1.15.

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 $14.39 yesterday.


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