Barclays initiated coverage on Commercial Metals Company (NYSE:CMC) with an Equalweight rating and a price target of $75.00. The stock trades at $70.70.
Analyst Richard Garchitorena said shares are fairly valued given the company's position in the construction cycle. The debt-to-equity ratio stands at 0.82.
Barclays views recent acquisitions as positive, expanding exposure to construction solutions and margins.
In other news, CMC reported mixed Q2 fiscal 2026 results. Revenue of $2.13B beat expectations, but EPS of $1.16 missed the $1.30 forecast.
