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Fly News Breaks for September 6, 2017
CMC
Sep 6, 2017 | 20:42 EDT
Macquarie analyst David Lipschitz initiated Commercial Metals with an Underperform and a $16 price target. The analyst said the US construction market continues to rebound, but he sees signs of a recovery deceleration and expects the company's earnings to remain under pressure given 60% of its shipments are related to this market.
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