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Fly News Breaks for October 17, 2017
GGB, CMC
Oct 17, 2017 | 05:11 EDT
Jefferies analyst Seth Rosenfeld upgraded Commercial Metals (CMC) to Buy citing improved margin assumptions and optionality from acquisitions. A deal tied to Gerdau (GGB) may bring "further game-changing consolidation benefits" to the U.S. rebar market, Rosenfeld tells investors in a research note. He raised his price target for Commercial Metals shares to $26 from $19.
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