Barclays: Overlooked Opportunity in Ternium S.A. (TX) on Lower Natural Gas Prices
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Price: $53.81 -0.87%
Rating Summary:
10 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Shares of Ternium S.A. (NYSE: TX) spiked into positive territory mid-session, with no significant news releases.
Although, Barclays analyst, Leonardo Correa, was out with positive comments on the stock, stating that recent nat gas price weakness wasn't reflected TX's share price. He felt that during a recent investor meeting, the relatively strong point that TX has cost advantages vs. other steel mills in the region in weak nat gas price environments was overlooked.
Correa maintains an 'Overweight' rating and raises the price target from $24 to $26. He also noted that TX is their 'Top Pick' in the Latin American Steel sector. FY12 EPS estimate increased from $2.24 to $3.14.
For an analyst ratings summary and ratings history on Ternium S.A. click here. For more ratings news on Ternium S.A. click here.
Shares of Ternium S.A. closed at $22.85 yesterday.
Although, Barclays analyst, Leonardo Correa, was out with positive comments on the stock, stating that recent nat gas price weakness wasn't reflected TX's share price. He felt that during a recent investor meeting, the relatively strong point that TX has cost advantages vs. other steel mills in the region in weak nat gas price environments was overlooked.
Correa maintains an 'Overweight' rating and raises the price target from $24 to $26. He also noted that TX is their 'Top Pick' in the Latin American Steel sector. FY12 EPS estimate increased from $2.24 to $3.14.
For an analyst ratings summary and ratings history on Ternium S.A. click here. For more ratings news on Ternium S.A. click here.
Shares of Ternium S.A. closed at $22.85 yesterday.
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