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Fly News Breaks for September 1, 2017
Sep 1, 2017 | 05:10 EDT
JPMorgan analyst Rodolfo Angele upgraded Gerdau to Overweight saying the company's business environment has improved. The analyst sees "solid" pricing momentum across all geographies, Brazilian long steel demand stabilizing and potential upsides from Harvey's reconstruction plan. Angele raised his price target for the shares to R$15 from R$13.5.
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