Goldman Sachs Upgrades Ternium S.A. (TX) to Buy

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January 24, 2012 7:00 AM EST
Get Alerts TX Hot Sheet
Price: $55.45 +2.29%

Rating Summary:
    10 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Goldman Sachs upgraded Ternium S.A. (NYSE: TX) from Hold to Buy with a price target of $27.80 and added the stock to its LatAm Focus List.

The firm said the Usiminas deal is fully priced in but the improving Mexico/US steel price outlook and potential synergies are not.

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 $22.64 yesterday.

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