Gerdau rises as J.P. Morgan upgrades, cites as new top Latin American steel pick

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Gerdau (NYSE:GGB) +3.7% in Monday’s trading as J.P. Morgan upgraded shares to Overweight from Neutral with a $6 price target, raised from $5, seeing this year as an inflection point following a very challenging 2023.

JPM’s Rodolfo Angele believes Q1 should markGGB

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