Wells Fargo Reaffirms Their Sell Rating on Ternium SA (TX)
Wells Fargo analyst Timna Tanners maintained a Sell rating on Ternium SA today and set a price target of $34.00.
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According to TipRanks, Tanners is a 3-star analyst with an average return of 2.8% and a 55.02% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Nucor, Vale SA, and Alcoa.
Currently, the analyst consensus on Ternium SA is a Hold with an average price target of $37.67.
Based on Ternium SA’s latest earnings release for the quarter ending September 29, the company reported a quarterly revenue of $3.95 billion and a net profit of $20.61 million. In comparison, last year the company earned a revenue of $4.48 billion and had a net profit of $31.66 million
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