Commercial Metals Company Announces It Will Be The First To Introduce Spooled Rebar In The United States

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Jefferies Cuts Price Target on Commercial Metals (CMC) to $22 Following 1Q Miss

January 10, 2017 7:21 AM EST

Jefferies maintained a Hold rating on Commercial Metals Company (NYSE: CMC), and cut the price target to $22.00 (from $24.00), following the company's 1Q earnings report. CMC reported adjusted EPS of $0.11, which was short of the consensus of $0.16. Management cautioned that F2Q has historically been... More