Citi analyst Alexander Hacking reinstated coverage of Ternium with a Buy rating and $50 price target. The analyst is positive on the company citing a structurally bullish outlook" on Mexico steel, its growth optionality and highest free cash flow yield in the sector.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TX: