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Fly News Breaks for September 22, 2019
CMC
Sep 22, 2019 | 19:08 EDT
Goldman Sachs analyst Matthew Korn downgraded Commercial Metals to Neutral from Buy with an unchanged 12-month price target of $20. Following the stock's recent rally, remaining upside appears limited while prices for long steel products appear at risk, Korn tells investors in a research note. A slowing China, growing U.S. steel capacity, and fears of global recession continue to be front of mind for Metals and Mining investors, says the analyst.
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