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Fly News Breaks for May 31, 2016
CMC
May 31, 2016 | 07:03 EDT
Macquarie analyst Aldo Mazzaferro trimmed Commercial Metals estimates and lowered its price target to $20 from $21 on weak international markets. The analyst has a more pessimistic view of international commodity markets, given expectations of Chinese slowing of steel production and other factors, and no longer see a sharp earnings recovery in the next few quarters. Mazzaferro has an Outperform rating on Commercial Metals shares.
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