UBS Adjusts Price Target on Gerdau to $6.40 From $6.10, Maintains Buy Rating
UBS has increased its price target for Gerdau S.A. while maintaining a Buy rating on the stock.
Stocks · News reference
Gerdau Shuts Down Steel Production at Divinópolis Plant
Gerdau has announced the closure of its steel production facility in Divinópolis, Minas Gerais, resulting in the dismissal of 280 employees.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- fiscal.ai
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Itau BBA Upgrades Gerdau to Outperform
Itau BBA has upgraded its rating for Gerdau S.A. from Market Perform to Outperform, setting a price target of $5.80.
Gerdau S.A. Reports Third Quarter 2026 Financial Results
Gerdau S.A. announced its financial results for the third quarter of 2026, reporting an adjusted EBITDA of R$3.8 billion.
Shares of steelmakers are trading higher as U.S. steel prices reach a four-year high due to import tariffs. Also, reports suggesting that U.S. Commerce Secretary Lutnick is refusing to give concessions to Mexican steel imports may also be bolstering expectations that protectionism will aid pricing power and margin expansion.
'US Steel Prices Climb to Four-Year High as Trump’s Tariffs Bite' - Bloomberg
https://www.bloomberg.com/news/articles/2026-10-16/us-steel-prices-climb-to-four-year-high-as-trump-s-tariffs-bite
'Bolsonaro Leads Lula in Brazil Runoff After First Round Surprise' - Bloomberg
https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise