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Fly News Breaks for November 2, 2018
CMC
Nov 2, 2018 | 07:22 EDT
Deutsche Bank analyst Chris Terry puts a catalyst call buy on Commercial Metals as a short-term investment idea. The overall steel sector has sold off since mid-year, and within the steel sector, Commercial Metals is inexpensive at current levels, Terry tells investors in a research note. He believes the company is well positioned with exposure to favorable end-markets and the potential for a turnaround in its fabrication business.
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