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Fly News Breaks for June 5, 2018
GGB
Jun 5, 2018 | 08:11 EDT
Morgan Stanley analyst Carlos De Alba upgraded Gerdau to Overweight from Equal Weight, stating that he thinks the 25% tariffs on EU steel is positive for Gerdau's U.S. realized prices. He also sees the shares being at an attractive point following a 15% pullback from their recent peak. De Alba raised his price target on Gerdau to R$19 from R$18.30.
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