B of A Securities Upgrades Gerdau to Buy, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Gerdau (NYSE:GGB) from Neutral to Buy and raised the price target from $4.5 to $5.
May 24, 2024 | 11:04 am
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POSITIVE IMPACT
B of A Securities has upgraded Gerdau from Neutral to Buy and increased the price target from $4.5 to $5, indicating a positive outlook for the stock.
The upgrade from Neutral to Buy and the increase in the price target from $4.5 to $5 by B of A Securities suggests a positive outlook for Gerdau. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100