Jefferies analyst Chris LaFemina maintains $Commercial Metals (CMC.US)$ with a buy rating, and adjusts the target price from $65 to $62.
According to TipRanks data, the analyst has a success rate of 47.7% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Commercial Metals (CMC.US)$'s main analysts recently are as follows:
Analysts express increased caution regarding the near-term prospects of the metals and mining sector, attributing this to cyclical factors with potential negative impacts on consensus estimates. Despite recent market weaknesses, they suggest maintaining a positive outlook on select 'preferred' miners and steel producers. Looking ahead, markedly higher demand is anticipated in 2026 and 2027, expected to drive significant increases in key commodity prices and most associated company stock values.
The firm anticipates a sequential decline in core EBITDA for Q1, primarily due to margin compression in North America, although this will be somewhat mitigated by carbon credits received in Europe. Additionally, it is expected that Q2 earnings will mark a near-term low, with improvements projected for the second half of the year.
Steelmakers are entering 2025 still reeling from a 30% price crash over the past year. There is observed a 20% downside risk as the industry approaches Q4 and Q1, with distributors adopting a 'wait-and-see' approach. The decline in European demand appears to be more structural than cyclical.
Note:
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