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Fly News Breaks for October 23, 2017
GGB
Oct 23, 2017 | 07:17 EDT
Goldman analyst Humberto Meireles resumed Gerdau with a Buy and $4.30 price target. The analyst said shares have lagged on the back of weaker short-term earnings momentum, but he expects the trend to reverse as infrastructure spending in both Brazil and the United States turns from the government's economic growth plans.
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