10:05 AM EDT, 10/17/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $7 to $57, which assumes an EV/EBITDA of 6.0x our FY 26 (Aug.) EBITDA estimate, in line with CMC's three-year average forward EV/EBITDA of 5.9x, but a discount to peers, which are trading at an average forward EV/EBITDA of 8.4x. We raise our FY 26 EPS estimate by $0.26 to $3.94 and initiate our FY 27 EPS estimate at $4.92. CMC reported FQ4 2025 adjusted EPS of $1.37, beating consensus by $0.03, with core EBITDA of $291 million (+33% Y/Y). The transformative Foley acquisition creates a $250 million EBITDA precast platform at 34%+ margins, shifting earnings mix toward higher-margin, less cyclical businesses. The TAG operational excellence program exceeded expectations, generating $50 million in FY 25 benefits with $150M+ run-rate targeted by the end of FY 26. We view the strategic evolution positively but maintain our Hold rating given near-term steel pricing headwinds and integration risks.