|Over a week ago|
Usiminas upgraded to Neutral from Underperform at Bradesco BBI » 05:1406/1906/19/20
Bradesco BBI analyst…
Bradesco BBI analyst Thiago Lofiego upgraded Usiminas to Neutral from Underperform with a R$7.30 price target.
|Over a month ago|
Usiminas upgraded to Buy from Neutral at Goldman Sachs » 05:1804/2004/20/20
USNZY, GGB, TX
Goldman Sachs analyst…
Goldman Sachs analyst Thiago Ojea upgraded Usiminas (USNZY) to Buy from Neutral with a R$6 price target. The recent selloff in Latin American steel names is too severe as demand should "bounce back strongly" in 2021, similar to what happened back in 2015 and 2010, Ojea tells investors in a research note. The analyst also reiterates Buy ratings on Gerdau (GGB) and Ternium (TX).