BofA analyst Sathish Kasinathan lowered the firm’s price target on Commercial Metals (CMC) to $65 from $69 and keeps a Buy rating on the shares after the firm updated its model for reported Q1 results and the latest guidance. The firm now forecasts Q2 adjusted core EBITDA of $134M, versus $181M prior, and EPS of 24c, versus 55c prior.
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