Scotiabank lowered shares of Gerdau ( NYSE:GGB – Free Report ) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks reports.
Several other research analysts have also recently issued reports on GGB. UBS Group increased their price target on Gerdau from $6.10 to $6.40 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of Gerdau from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 12th. Wall Street Zen lowered shares of Gerdau from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. HSBC cut shares of Gerdau from a “buy” rating to a “hold” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Gerdau from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Gerdau currently has a consensus rating of “Hold” and a consensus price target of $5.65.
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