KeyBanc Reiterates Sector Weight Rating on Commercial Metals Company (CMC)

KeyBanc analyst Samuel McKinney reiterated a Sector Weight rating on Commercial Metals Company (NYSE: CMC).

The analyst commented: "FY26 EPS Falls on M&A Accounting, EBITDA Steady; Precast Contributions Start Well; Post CMC's 2Q26 (February) earnings/our analysis, we leave our FY26E EBITDA relatively unchanged, while our FY26E EPS falls on higher M&A-related D&A. Our FY27E EPS/EBITDA are consistent with previous expectations. The direction of CMC shares in recent weeks likely reflects investor macro concerns and rising U.S. rebar supply. However, we remain Sector Weight on FCFE strength, diversification efforts, and relieved valuation providing support to modest upside from current levels."

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 $58.28 yesterday.

You May Also Be Interested In

• KeyBanc Upgrades Nucor (NUE) to Overweight
• Koninklijke Ahold Delhaize NV (AD:NA) (ADRNY) Placed on Negative Catalyst Watch at JPMorgan
• Kepler Cheuvreux Upgrades Azelis Group NV (AZE:BB) to Hold