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10.05.2018 23:22:36
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GERDAU: BB Investimentos Upgrades Stock And Raises Target Price
(RTTNews) - BB Investimentos raised Gerdau's preferred shares rating to "outperform" and increased the stock target price from R$ 18.00 to R$ 21.00, adding that the company is "leaner and more efficient."
According to analyst Gabriela Cortez, Gerdau presented a higher-than-expected result for the first quarter, with improvements in all of the markets where the firm operates and results from the divestment plan, which was concluded recently.
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