- Commercial Metals Company sales rose ~23% sequentially and ~19% year-to-date, driven by higher steel prices and increased shipments.
- BMO Capital kept Commercial Metals Company (CMC) at Market Perform and cut its price target to $77 from $80; update issued at 13:13 GMT.
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Key facts: Commercial Metals sales jump; BMO trims CMC price target
Commercial Metals Company sales rose ~23% sequentially and ~19% year-to-date, driven by higher steel prices and increased shipments.BMO Capital kept Commercial Metals Company (CMC)