**Commercial Metals Upgraded to Buy at Citi Following ‘Transformational’ Acquisition**
*October 17, 2025 – 2:10 PM ET*
Commercial Metals Company (CMC) shares rose 3.1% in Friday’s trading session after Citi upgraded the stock from Neutral to Buy. The investment bank also increased its price target to $65, up from $60.
Citi highlighted an emerging free cash flow and deleveraging story for the producer of rebar and related construction materials, driven by what it calls a “transformational” acquisition. This move is expected to significantly strengthen Commercial Metals’ financial position and growth prospects.
**Company Snapshot:**
– **Stock Symbol:** CMC
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For investors interested in the metals and construction materials sector, Commercial Metals’ recent upgrade and strategic acquisition mark it as a stock to watch.
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