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Enter Symbol:
Commercial Metals Company (CMC) [hlAlert]

Neutral CMC

Commercial Metals Company (CMC) downgraded to Neutral with price target $42 by Davenport

Posted on: Thursday,  Jun 19, 2008  1:25 PM ET by Davenport

Commercial Metals (CMC)
rated Neutral with price target $42 by Davenport.

Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Activities are primarily concerned with metals related activities. The manufacturing segment is the dominant and most rapidly expanding segment in terms of assets employed, capital expenditures, operating profit and number of employees. The recycling segment is engaged in processing secondary, or scrap, metals for further recycling into new metal products. The marketing and trading segment buys and sells primary and secondary metals, and fabricated metals.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2008 1:25 PM Buy
12.37 16.00
as of 12/24/2008
1 Week up  0.34 %
1 Month up  22.29 %
3 Months up  28.82 %
1 YTD up  4.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/7/2008 10:25 AM Buy
34.06 42.00
6/19/2008 1:25 PM Hold
38.82 42.00

(*) Stock Price at the time of the recommendation.
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