Gerdau rises as J.P. Morgan upgrades, cites as new top Latin American steel pick

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Gerdau (NYSE:GGB) +3.7% in Monday’s trading as J.P. Morgan upgraded shares to Overweight from Neutral with a $6 price target, raised from $5, seeing this year as an inflection point following a very challenging 2023.

JPM’s Rodolfo Angele believes Q1 should mark the bottom of Gerdau’s (GGB) Brazil earnings results, expecting domestic markets to stabilize, and the bulk of the pain from imported material from China already was felt in 2023.

The post Gerdau rises as J.P. Morgan upgrades, cites as new top Latin American steel pick first appeared on Investorempires.com.

 

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages World Acceptance Corporation Investors to Inquire About Securities Class Action Investigation “ WRLD By Investing.com | Investorempires.com

Read More | NEW YORK, April 13, 2024 (GLOBE NEWSWIRE) — WHY:  Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Acceptance (NASDAQ:) Corporation (NASDAQ: WRLD) resulting from allegations that World Acceptance Corporation may have issued materially misleading business information to the investing […]