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Fly News Breaks for August 4, 2016
GGB
Aug 4, 2016 | 07:34 EDT
Credit Suisse analsyt Ivano Westin upgraded Gerdau to Outperform and raised its price target to $12 from $8.50 saying shares have the best risk/reward in its LatAm coverage. The analyst expects a gradual recovery in Gerdau's earnings and said the destructive combination of falling international steel prices, declining demand, and lower prices in Brazil have passed.
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