Everybody Wins on Trump Tariffs as Brazilian Steelmakers Rise [Yahoo! Finance News]
Gerdau S.A. (GGB)
US:NYSE Investor Relations:
ri.gerdau.com/?idioma=enu
Company Research
Source: Yahoo! Finance News
Everybody Wins on Trump Tariffs as Brazilian Steelmakers Rise ) -- Trade wars are “good, and easy to win.” President Donald Trump on Monday rolled out a new round of tariffs on steel and aluminum imports intended to punish Brazil and Argentina for cheapening their currencies. But Brazilian steelmakers were winners alongside their U.S. counterparts as shares for companies in both countries gained. In 2018, Trump was famously quoted talking about easy-to-win trade wars. Brazilian steelmakers, though, are unlikely to feel much of a sting because they either have plants in the U.S. or ship relatively little into the country, according to Pedro Galdi, an analyst at Mirae Asset Wealth Management. JPMorgan Chase & Co. and XP Investimentos reiterated their buy-equivalent ratings for Gerdau. “The impact is neutral, almost null” on Brazilian steelmakers, Galdi said by phone. The companies “are exporting very little and basically steel plates, a basic product which they can easily redirect to ot
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News
- Gerdau S.A. (NYSE: GGB) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $6.00 price target on the stock, up previously from $5.00.MarketBeat
- Are Investors Undervaluing Gerdau (GGB) Right Now? [Yahoo! Finance]Yahoo! Finance
- Gerdau (GGB) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
- GERDAU S.A. - FORM 20-FPR Newswire
- Should Value Investors Buy Gerdau (GGB) Stock? [Yahoo! Finance]Yahoo! Finance
GGB
Sec Filings
- 4/17/24 - Form 6-K
- 3/28/24 - Form 20-F
- 3/15/24 - Form 6-K
- GGB's page on the SEC website