Commercial Metals price target lowered to $53 from $56 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Commercial Metals (CMC) to $53 from $56 and keeps an Equal Weight rating on the shares. Steel prices are up in reaction to U.S. tariff policy, the analyst tells investors in a research note. The firm increased its 2025 steel price forecasts, but sees a pullback in the second half of 2025 on a “tempered steel demand outlook and widening import arbitrage.”