Scotiabank Sticks to Their Buy Rating for Ternium SA (TX)
Scotiabank analyst Alfonso Salazar maintained a Buy rating on Ternium SA today and set a price target of $41.00. The company’s shares closed yesterday at $31.57.
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According to TipRanks, Salazar is a 3-star analyst with an average return of 4.7% and a 56.60% success rate. Salazar covers the Basic Materials sector, focusing on stocks such as Hochschild Mining, Ternium SA, and FRESNILLO.
Ternium SA has an analyst consensus of Hold, with a price target consensus of $33.50, a 6.11% upside from current levels. In a report released on July 18, J.P. Morgan also maintained a Buy rating on the stock with a $37.00 price target.
TX market cap is currently $6.23B and has a P/E ratio of -17.93.
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