<div id="readability-page-1">Commercial Metals (CMC) +2.9% in Wednesday's trading as Jefferies upgraded to Buy from Hold with a $78 price target, raised from $70, following the stock's recent underperformance and continued resilience in rebar pricing. Free cash flow is set to rise for the major steel producers over the next two years as increased volumes coincide along lower c...</div>

<p>Jefferies upgraded Commercial Metals (CMC) to Buy from Hold with a $78 price target, citing resilience in rebar pricing and compelling valuation. Free cash flow for major steel producers is expected to rise due to increased volumes and lower capex. Nucor (NUE) remains Jefferies' top pick, benefiting from lower U.S. steel imports and growth projects. Cleveland-Cliffs (CLF) also stands to gain from higher pricing and volumes, despite some uncertainties.</p>

Commercial Metals raised at Jefferies as steel FCF seen rising; Nucor still top pick