UBS Upgrades CMC to Buy with $89 Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: seekingalpha
- Rating Upgrade: UBS upgraded Commercial Metals Company (CMC) from Neutral to Buy, raising the price target from $79 to $89, reflecting an optimistic outlook for the company following its ~40% year-to-date underperformance compared to peers, creating an attractive entry point for investors.
- Eased Import Pressures: Analyst Andrew Jones noted that import pressures have peaked and are not accelerating, with Q1 2026 imports tracking historical averages, indicating a stabilizing market supply-demand dynamic that mitigates pricing volatility risks.
- Stable Market Structure: Domestic capacity appears less disruptive, with Hybar nearing steady state and incremental supply concentrated among disciplined incumbents like CMC and Nucor, reinforcing a duopolistic market structure that enhances price stability.
- Improved Earnings Outlook: Despite rebar lagging behind hot-rolled coil (HRC), metal spreads remain near three-year highs, with anticipated price increases of $30-$50 per ton, and with U.S. rebar priced at ~$900 per ton versus CMC's ~$780 per ton, a clear path to improved earnings visibility is indicated, including ~$1.6 billion in EBITDA for 2027.
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Analyst Views on CMC
Wall Street analysts forecast CMC stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 76.980
Low
74.61
Averages
81.45
High
85.00
Current: 76.980
Low
74.61
Averages
81.45
High
85.00
About CMC
Commercial Metals Company is engaged in offering products and technologies to meet the critical reinforcement needs of the global construction sector. The Company’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation, and transmission. Its segments include North America Steel Group, Europe Steel Group, and Construction Solutions Group. The North America Steel Group segment provides a diverse range of products and solutions to support the construction sector. The Europe Steel Group segment is composed of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The Construction Solutions Group segment's portfolio consists of its construction services products, Tensar products and solutions and its impact metals, and performance reinforcing steel products. It is also a supplier of precast concrete and pipe products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CMC to Host Investor Day on August 5, 2026
- Investor Day Announcement: CMC will host its Investor Day on August 5, 2026, where CEO Peter Matt and his executive team will provide updates on the company's strategy, operations, and long-term growth outlook, aiming to bolster investor confidence in the company's future.
- Live Webcast Format: The event will be webcast live via the Investor Relations section of CMC's website, allowing investors and interested parties to register in advance, ensuring broad dissemination of information and transparency.
- Replay and Materials Availability: Following the event, a replay of the webcast and accompanying materials will be made available, further enhancing investors' understanding of the company's strategy and operations while promoting engagement with stakeholders.
- Company Background Overview: Founded in 1915, CMC is a Fortune 500 company focused on early-stage construction solutions, producing essential products like rebar and concrete pipes that support critical infrastructure, thereby playing a vital role in the development of modern society.
See More
CMC Invites to Q3 2026 Earnings Call on June 25
- Earnings Call Announcement: CMC will host its Q3 2026 earnings call on June 25 at 11:00 AM ET, featuring CEO Peter Matt and CFO Paul Lawrence, who are expected to discuss the company's financial performance and future outlook.
- Webcast Availability: The teleconference will be available via webcast, allowing investors to access the call through CMC's website, which ensures broad investor participation and enhances communication transparency with shareholders.
- Company Background: Founded in 1915 and headquartered in Irving, Texas, CMC is one of the largest manufacturers of steel reinforcing bar in the U.S., focusing on early-stage construction solutions for modern infrastructure, showcasing its leadership in the industry.
- Market Service Scope: CMC's products serve a wide range of markets including infrastructure, non-residential, residential, industrial, and energy, covering critical structures like highways, bridges, and commercial buildings, emphasizing its essential role in everyday life.
See More
CMC Invites to Q3 2026 Earnings Call on June 25
- Earnings Call Schedule: CMC is set to hold its Q3 2026 earnings call on June 25 at 11:00 AM ET, featuring insights from CEO Peter Matt and CFO Paul Lawrence, aimed at providing investors with the latest financial performance and strategic direction.
- Webcast Availability: The call will be accessible via webcast on CMC's website in listen-only mode, ensuring broad investor participation and transparent information dissemination, thereby enhancing communication between the company and its shareholders.
- Company Background: Founded in 1915 and headquartered in Irving, Texas, CMC is a Fortune 500 company focused on early-stage construction solutions for modern infrastructure and building projects, showcasing its leadership position in the industry.
- Product and Market Coverage: CMC's offerings include rebar, soil stabilization, foundation enhancement solutions, concrete pipes, and precast products, serving infrastructure, non-residential, residential, industrial, and energy markets, highlighting its critical role in essential structures.
See More
UBS Upgrades CMC to Buy with $89 Target
- Rating Upgrade: UBS upgraded Commercial Metals Company (CMC) from Neutral to Buy, raising the price target from $79 to $89, reflecting an optimistic outlook for the company following its ~40% year-to-date underperformance compared to peers, creating an attractive entry point for investors.
- Eased Import Pressures: Analyst Andrew Jones noted that import pressures have peaked and are not accelerating, with Q1 2026 imports tracking historical averages, indicating a stabilizing market supply-demand dynamic that mitigates pricing volatility risks.
- Stable Market Structure: Domestic capacity appears less disruptive, with Hybar nearing steady state and incremental supply concentrated among disciplined incumbents like CMC and Nucor, reinforcing a duopolistic market structure that enhances price stability.
- Improved Earnings Outlook: Despite rebar lagging behind hot-rolled coil (HRC), metal spreads remain near three-year highs, with anticipated price increases of $30-$50 per ton, and with U.S. rebar priced at ~$900 per ton versus CMC's ~$780 per ton, a clear path to improved earnings visibility is indicated, including ~$1.6 billion in EBITDA for 2027.
See More
Latest Wall Street Rating Updates
- Nvidia Price Target Raised: UBS raised Nvidia's price target from $245 to $275, anticipating first-quarter revenue around $81 billion, suggesting a $3 billion beat against market expectations, highlighting the company's robust growth potential in the AI sector.
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- Apple Stock Price Target Increase: Evercore raised Apple's price target from $330 to $365, projecting that even with modest iPhone unit growth, the company can achieve low to mid-teens EPS and free cash flow growth due to durable services growth and ASP tailwinds from premium models.
- Starbucks Price Target Upgraded: TD Cowen raised Starbucks' price target from $106 to $120, citing multiple tangible drivers for positive sales revisions in a strong market backdrop, and forecasting margin recovery as labor investments are prioritized.
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- Analyst Ranking Summary: The Metals Channel Global Mining Titans Index components were ranked based on averaged opinions from major brokerages, indicating varied market perceptions; a low rank may suggest poor performance but could also signal upside potential for bullish investors.
- CMC Stock Performance: CMC, operating in the Non-Precious Metals & Non-Metallic Mining sector, is trading up approximately 1.2% midday Wednesday, reflecting cautious optimism about its future performance, while peers like Southern Copper Corp (SCCO) are up 2.7% and Howmet Aerospace Inc (HWM) is down 4.4%.
- Diverse Investor Interpretations: Investors interpret analyst ratings differently; a low ranking does not always imply poor stock performance, as it may indicate significant upside potential, attracting the attention of bullish investors.
- Market Dynamics Analysis: CMC's stock performance compared to peers highlights market volatility, where analyst opinions and market reactions can significantly influence investor decisions, especially in the current uncertain economic environment.
See More
CMC to Host Investor Day on August 5, 2026
- Investor Day Announcement: CMC will host its Investor Day on August 5, 2026, where CEO Peter Matt and his executive team will provide updates on the company's strategy, operations, and long-term growth outlook, aiming to bolster investor confidence in the company's future.
- Live Webcast Format: The event will be webcast live via the Investor Relations section of CMC's website, allowing investors and interested parties to register in advance, ensuring broad dissemination of information and transparency.
- Replay and Materials Availability: Following the event, a replay of the webcast and accompanying materials will be made available, further enhancing investors' understanding of the company's strategy and operations while promoting engagement with stakeholders.
- Company Background Overview: Founded in 1915, CMC is a Fortune 500 company focused on early-stage construction solutions, producing essential products like rebar and concrete pipes that support critical infrastructure, thereby playing a vital role in the development of modern society.
See More
CMC Invites to Q3 2026 Earnings Call on June 25
- Earnings Call Announcement: CMC will host its Q3 2026 earnings call on June 25 at 11:00 AM ET, featuring CEO Peter Matt and CFO Paul Lawrence, who are expected to discuss the company's financial performance and future outlook.
- Webcast Availability: The teleconference will be available via webcast, allowing investors to access the call through CMC's website, which ensures broad investor participation and enhances communication transparency with shareholders.
- Company Background: Founded in 1915 and headquartered in Irving, Texas, CMC is one of the largest manufacturers of steel reinforcing bar in the U.S., focusing on early-stage construction solutions for modern infrastructure, showcasing its leadership in the industry.
- Market Service Scope: CMC's products serve a wide range of markets including infrastructure, non-residential, residential, industrial, and energy, covering critical structures like highways, bridges, and commercial buildings, emphasizing its essential role in everyday life.
See More
CMC Invites to Q3 2026 Earnings Call on June 25
- Earnings Call Schedule: CMC is set to hold its Q3 2026 earnings call on June 25 at 11:00 AM ET, featuring insights from CEO Peter Matt and CFO Paul Lawrence, aimed at providing investors with the latest financial performance and strategic direction.
- Webcast Availability: The call will be accessible via webcast on CMC's website in listen-only mode, ensuring broad investor participation and transparent information dissemination, thereby enhancing communication between the company and its shareholders.
- Company Background: Founded in 1915 and headquartered in Irving, Texas, CMC is a Fortune 500 company focused on early-stage construction solutions for modern infrastructure and building projects, showcasing its leadership position in the industry.
- Product and Market Coverage: CMC's offerings include rebar, soil stabilization, foundation enhancement solutions, concrete pipes, and precast products, serving infrastructure, non-residential, residential, industrial, and energy markets, highlighting its critical role in essential structures.
See More
UBS Upgrades CMC to Buy with $89 Target
- Rating Upgrade: UBS upgraded Commercial Metals Company (CMC) from Neutral to Buy, raising the price target from $79 to $89, reflecting an optimistic outlook for the company following its ~40% year-to-date underperformance compared to peers, creating an attractive entry point for investors.
- Eased Import Pressures: Analyst Andrew Jones noted that import pressures have peaked and are not accelerating, with Q1 2026 imports tracking historical averages, indicating a stabilizing market supply-demand dynamic that mitigates pricing volatility risks.
- Stable Market Structure: Domestic capacity appears less disruptive, with Hybar nearing steady state and incremental supply concentrated among disciplined incumbents like CMC and Nucor, reinforcing a duopolistic market structure that enhances price stability.
- Improved Earnings Outlook: Despite rebar lagging behind hot-rolled coil (HRC), metal spreads remain near three-year highs, with anticipated price increases of $30-$50 per ton, and with U.S. rebar priced at ~$900 per ton versus CMC's ~$780 per ton, a clear path to improved earnings visibility is indicated, including ~$1.6 billion in EBITDA for 2027.
See More
Latest Wall Street Rating Updates
- Nvidia Price Target Raised: UBS raised Nvidia's price target from $245 to $275, anticipating first-quarter revenue around $81 billion, suggesting a $3 billion beat against market expectations, highlighting the company's robust growth potential in the AI sector.
- Amazon Alexa Shopping Advantage: Bank of America reiterated its buy rating on Amazon, stating that the new Alexa for Shopping will replace Rufus, leveraging personalized recommendations to enhance user experience and further solidify Amazon's leadership in the e-commerce market.
- Apple Stock Price Target Increase: Evercore raised Apple's price target from $330 to $365, projecting that even with modest iPhone unit growth, the company can achieve low to mid-teens EPS and free cash flow growth due to durable services growth and ASP tailwinds from premium models.
- Starbucks Price Target Upgraded: TD Cowen raised Starbucks' price target from $106 to $120, citing multiple tangible drivers for positive sales revisions in a strong market backdrop, and forecasting margin recovery as labor investments are prioritized.
See More
Analyst Ranking of Metals Channel Global Mining Titans Index
- Analyst Ranking Summary: The Metals Channel Global Mining Titans Index components were ranked based on averaged opinions from major brokerages, indicating varied market perceptions; a low rank may suggest poor performance but could also signal upside potential for bullish investors.
- CMC Stock Performance: CMC, operating in the Non-Precious Metals & Non-Metallic Mining sector, is trading up approximately 1.2% midday Wednesday, reflecting cautious optimism about its future performance, while peers like Southern Copper Corp (SCCO) are up 2.7% and Howmet Aerospace Inc (HWM) is down 4.4%.
- Diverse Investor Interpretations: Investors interpret analyst ratings differently; a low ranking does not always imply poor stock performance, as it may indicate significant upside potential, attracting the attention of bullish investors.
- Market Dynamics Analysis: CMC's stock performance compared to peers highlights market volatility, where analyst opinions and market reactions can significantly influence investor decisions, especially in the current uncertain economic environment.
See More
