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Fly News Breaks for April 3, 2018
X, CMC
Apr 3, 2018 | 06:40 EDT
Citi analyst Alexander Hacking downgraded Commercial Metals (CMC) to Hold and lowered his price target for the shares to $22 from $29. Multiple new rebar projects announced in recent months will offset the benefit of lower imports, Hacking tells investors in a research note. The analyst coupled the downgrade with an upgrade of U.S. Steel (X) to Buy.
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