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Fly News Breaks for March 22, 2019
CMC
Mar 22, 2019 | 06:29 EDT
As previously reported, Macquarie upgraded Commercial Metals to Outperform from Neutral and raised its price target to $21 from $17 following the Q2 beat. Analyst David Lipschiz said metal margins are expected to expand from current levels on remaining rebar prices and believes the fabrication segment will return to profit in 2020.
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