CMC, US2017231034

Morgan Stanley cuts target to USD 84.00 for Commercial Metals stock

Published on 10/20/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analysts set a USD 80.45 average target. Commercial Metals stock costs EUR 57.75 on October 20, 2026, up 1.32 percent versus Tradegate close.

Analyst target and valuation

On October 19, 2026, Morgan Stanley cut its Commercial Metals target from USD 88.00 to USD 84.00.
The USD 84.00 target stood 29.91 percent above the NYSE quote of USD 64.66 on October 20, 2026.
Commercial Metals stock costs EUR 57.75 at Lang & Schwarz on October 20, 2026 at 6:32 p.m. CEST, 1.32 percent above the Tradegate close of October 12, 2026.

CMC, US2017231034, Illustration mit AI erstellt.

Commercial Metals Company (US2017231034) has a USD 84.00 Morgan Stanley target after the firm cut it from USD 88.00 on October 19, 2026, according to MarketBeat. The new target was 29.91 percent above the NYSE quote of USD 64.66 on October 20, 2026 at 12:39 p.m. ET. After-hours, the stock was trading at EUR 57.75 at Lang & Schwarz on October 20, 2026 at 6:32 p.m. CEST, up 1.32 percent versus the Tradegate close of October 12, 2026 at EUR 57.00.

Morgan Stanley lowers its target

Morgan Stanley kept its overweight rating while reducing the target by USD 4.00. The move leaves the target below the USD 85.00 level cited by Goldman Sachs in August, but above the USD 73.00 target reported for BMO Capital on October 19, 2026. The range of views places the current analyst discussion between operating expectations and valuation discipline.

Stock remains inside its yearly range

Commercial Metals traded between USD 55.97 and USD 84.87 over the 52 weeks to October 20, 2026. The NYSE quote of USD 64.66 was 23.81 percent above the low and 23.81 percent below the high, while volume reached 293,985 shares against an average of 1,131,529. The USD 7.2 billion market capitalization and a trailing P/E of 11.01 frame the stock as a mature basic-materials name rather than a high-multiple growth listing.

Steel recycling supports the valuation

CMC describes a business spanning steel production, recycling, fabrication and construction solutions. That mix gives the company exposure to construction demand while linking part of its input base to scrap-metal flows. For investors, the USD 4.00 target reduction matters because it narrows the valuation cushion even as the average target remains USD 80.45 across 15 analysts.

Market position and next signals

The price sits 15.62 percent below Morgan Stanley's USD 84.00 target and 23.81 percent below the 52-week high of USD 84.87. Those two comparisons point to a market that still assigns material upside to the shares, but with a wider gap between the most optimistic target and the latest analyst revision.

CMC price after the Xetra close

Commercial Metals stock was trading at EUR 57.75 at Lang & Schwarz on October 20, 2026 at 6:32 p.m. CEST, 1.32 percent above the Tradegate close of October 12, 2026 at EUR 57.00. The further course of trading is shown by the continuously updated real-time quote of Commercial Metals Company stock.