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Fly News Breaks for May 9, 2016
TX
May 9, 2016 | 08:45 EDT
As previously reported, Morgan Stanley downgraded Ternium to Equal Weight from Overweight. Analyst Carlos De Alba said risk/reward is more balanced following the 50% upside move year-to-date. Further, the analyst expects margins in Argentina to contract in 2H 2016 on lower volumes and higher costs.
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