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Fly News Breaks for January 7, 2020
PKX
Jan 7, 2020 | 18:13 EDT
Goldman Sachs analyst Jaewon Choi upgraded Posco to Buy from Neutral with a $59 price target. The analyst sees improving China steel demand combined with falling raw material prices, and forecasts Posco's steel spread rebounding, which will boost EPS growth in 2020.