Commercial Metals Company (CMC) has been downgraded by UBS from Buy to Sell due to concerns about the steel industry's risk-reward profile.
UBS has also downgraded Steel Dynamics (STLD) and Nucor (NUE) to Neutral as part of its broader assessment of the steel market.
This change in sentiment towards these key players suggests that investors should reconsider their positions based on UBS's evaluations.