Fly News Breaks for December 5, 2016
TX, SIM
Dec 5, 2016 | 06:02 EDT
JPMorgan analyst Rodolfo Angele downgraded Grupo Simec (SIM) to Neutral saying steel prices are likely to follow raw material prices down. The analyst prefers a more cautious stance on the shares following the recent outperformance. Angele notes that Ternium (TX) is his top pick and only Overweight rated name in Latin America Steel.
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